News Corporation Announces Progress on \$1 Billion Stock Repurchase Program
NEW YORK, June 11, 2026 — News Corporation (“News Corp” or “the Company”) has released an update regarding its ongoing share buy-back program, which authorizes the company to repurchase up to \$1 billion in aggregate of its outstanding Class A and Class B common stock. This initiative, previously reported and ongoing, is a significant capital management action and may have implications for the company’s share valuation and trading liquidity.
Key Points for Investors
- Repurchase Program Authorization: News Corp is authorized to acquire up to \$1 billion of its Class A and Class B common stock under the 2025 Repurchase Program. The purchases may occur from time to time, at the company’s discretion, subject to market conditions and regulatory requirements.
- Class A and B Shares Targeted: Both classes of common stock (ASX Security Codes: NWSAA for Class A and NWSAB for Class B) are included. As of the most recent notification, there are 362,505,701 shares of Class A and 142,775,567 shares of Class B outstanding.
- Recent Buy-Back Activity: On June 10, 2026, the Company repurchased 3,643,620 shares, at a highest price paid of US\$30.91 per share. The total value of shares bought back on that day was US\$1,806,679.96.
- Buy-Back Mechanism: The repurchases are taking place on-market, meaning shares are bought directly through authorized brokers at prevailing market prices. All purchases are for cash consideration.
- Disclosure and Regulation: As a company also listed on the Australian Securities Exchange (ASX), News Corp is required to disclose daily details of repurchase transactions under ASX listing rule 3.8A, in addition to quarterly and annual reporting to the U.S. SEC.
- Purpose of Buy-Back: The stated reason for the buy-back is “to enhance shareholder value.” Buy-backs reduce the number of shares in circulation, potentially increasing earnings per share and supporting the share price.
- No Shareholder Approval Required: The company confirms that the buy-back does not require further shareholder approval, nor are there additional conditions to be satisfied before buy-back offers become unconditional.
Forward-Looking Statements and Risks
News Corp’s filings include “forward-looking statements” regarding its intent to continue repurchasing shares. Management notes that the actual pace and amount of buy-backs may change due to market price fluctuations, general market conditions, regulatory changes, or other factors. The company does not undertake to update these statements except as required by law.
Potential Impact for Shareholders
- Share Price Sensitivity: Share repurchases can be price-sensitive. Reducing share count typically supports or increases share price, all else equal, by boosting per-share metrics and demonstrating the company’s confidence in its own value.
- Capital Allocation Signal: Continuing to deploy significant cash for buy-backs may indicate the company does not see more attractive investment opportunities, but it also signals a commitment to returning value to shareholders.
- Ongoing Disclosure: Investors should monitor daily ASX disclosures and SEC filings for further buy-back activity, as the remaining value under the current authorization is substantial.
Summary Table
| Share Class | ASX Code | Outstanding Shares | Repurchase Price (Latest) | Total Value (Latest Day) |
|---|---|---|---|---|
| Class A Common Stock | NWSAA | 362,505,701 | US\$30.91 | US\$1,806,679.96 |
| Class B Common Stock | NWSAB | 142,775,567 | N/A (No recent buy-back reported) | N/A |
Additional Notes
- There is no minimum number of shares the company is obliged to repurchase.
- Daily buy-back notifications are required and available for public review on the ASX website.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to review official filings and consult with their financial advisors before making investment decisions. Forward-looking statements are subject to risks and uncertainties. Actual outcomes may differ materially from statements made above.
