News Corporation Announces Progress on \$1 Billion Share Buyback Program
NEW YORK, June 15, 2026 – News Corporation (“News Corp”, NASDAQ: NWSA, NWS), a global leader in news and information services, has provided an important update regarding its ongoing share repurchase program, which may have significant implications for current and prospective investors.
Key Highlights
- Share Repurchase Program: News Corp is authorized to repurchase up to \$1 billion of its outstanding Class A and Class B common stock under its 2025 Repurchase Program.
- Recent Buybacks: As of the latest announcement, the company has bought back a substantial number of shares, with detailed daily reporting to the Australian Securities Exchange (ASX) and regular updates in its quarterly and annual reports.
- Recent Transaction Data:
- On June 15, 2026, News Corp repurchased 76,679 shares of Class A common stock for a total consideration of US\$1,115,796.39, with the highest price paid being US\$31.60 per share.
- On the same day, the company also repurchased 7,890,455 shares of Class B common stock for a total of US\$106,809,852.79, with the highest price paid being US\$22.20 per share.
- Outstanding Shares:
- Outstanding Class A shares prior to buyback: 362,171,045
- Outstanding Class B shares prior to buyback: 142,629,896
Implications for Shareholders
- Shareholder Value: The company has explicitly stated the reason for the buyback is “to enhance shareholder value.” Share repurchase programs typically reduce the number of shares outstanding, which can boost earnings per share (EPS) and potentially support the share price.
- Significant Capital Deployment: The scale of the buyback (up to \$1 billion) is significant compared to the company’s market capitalization, underlining management’s confidence in the business and its cash flow generation.
- Price Sensitivity: Such a large-scale buyback can increase demand for the stock in the open market, providing price support and potentially leading to upward pressure on the share price, especially if the program is executed rapidly or during periods of limited liquidity.
- Forward-Looking Statements: The company cautions that its repurchase intentions are subject to factors such as stock price, market conditions, securities laws, and alternative investment opportunities. While the authorization is up to \$1 billion, the actual amount repurchased may vary depending on these conditions.
- No Shareholder Approval Required: The buyback does not require additional shareholder approval and is being executed through an on-market purchase mechanism, largely facilitated by Goldman Sachs & Co. LLC.
- Cash Consideration: The buybacks are for cash consideration, providing a direct capital return to shareholders who sell their shares back to the company.
- Daily Disclosure: In line with ASX rules, News Corp is providing daily disclosure of its buyback activity, ensuring transparency for investors.
Potential Share Price Impact
This ongoing and substantial share repurchase program is a material event for News Corp shareholders. The reduction in free float and the company’s commitment to deploying up to \$1 billion for buybacks are both likely to be supportive of the share price. Investors should closely monitor further daily disclosures and quarterly updates for ongoing buyback activity, as well as management commentary on the program’s pace and completion.
Investors should also be aware that while buybacks generally signal management confidence, actual market impacts will depend on broader market conditions and execution details.
Disclaimer
This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell securities. Investors should conduct their own research or consult with a licensed financial advisor before making investment decisions. Past performance is not indicative of future results. The information presented is based on publicly available filings and may be subject to change or updates.
