News Corporation Announces Ongoing \$1 Billion Stock Buyback Program – Key Details for Investors

Summary of Key Developments

• News Corporation (“News Corp”) continues to execute on its substantial stock repurchase program, authorizing up to \$1 billion in buybacks for its Class A and Class B common shares.
• This repurchase program is being actively disclosed to the market via both the Australian Securities Exchange (ASX) and regulatory filings in the United States.
• The program is described as part of the company’s broader effort to enhance shareholder value.
• As of the most recent disclosures, News Corporation has been actively buying back shares on the open market, with substantial amounts of capital already deployed.
• Both Class A (NWSA) and Class B (NWS) common stock are included in the buyback program, with both classes traded on the NASDAQ exchange.

Details of the Buyback Program

Program Size and Scope

• Total authorization: Up to US\$1 billion in aggregate buybacks of Class A and Class B common shares.
• Securities eligible: Both Class A (NWSA, NASDAQ) and Class B (NWS, NASDAQ) shares are eligible for repurchase.
• The buyback is being executed as an “on-market” buy-back, meaning purchases take place on the open market at prevailing prices.

Recent Buyback Activity

• On March 10, 2026, News Corp disclosed it had bought back a total of 1,304,872 Class B shares as part of this program, with a total consideration of US\$35,809,218.16 paid for these shares.
• On the previous day (March 10, 2026), the company repurchased Class B shares for US\$1,181,880.94.
• The highest price paid for shares during the buyback period was US\$27.07 (as observed on February 13, 2026).
• For Class A shares, as of the date of the report, there were 367,377,731 Class A shares outstanding, with the company authorized to buy back up to the full US\$1 billion allocation in both classes combined.
• For Class B shares, there were 142,083,315 shares outstanding at the time of the latest notification.

Purpose and Rationale for the Buyback

The company has stated that the buyback program is intended “to enhance shareholder value.” This typically implies that management believes the company’s shares are undervalued, and that repurchasing stock is an effective way to return capital to shareholders, potentially supporting or increasing the share price.

Regulatory and Disclosure Details

• News Corp is required under ASX rules to provide daily updates to the exchange concerning buyback activity.
• All buyback details are also disclosed in the company’s quarterly and annual reports, as well as in US SEC filings (Form 8-K).
• The company has clarified that all forward-looking statements related to the buyback program are based on current expectations and are subject to risks including market price fluctuations, market conditions, applicable securities laws, and alternative investment opportunities.

What Investors Need to Know

• The active repurchase of shares is generally interpreted as a sign of management confidence and may be price-supportive or price-positive for both Class A and Class B shares.
• Investors should be aware that the company’s repurchase activity could reduce the number of shares outstanding, potentially increasing earnings-per-share and supporting share price appreciation.
• The company is not obligated to complete the full US\$1 billion buyback, and actual repurchase levels will depend on market conditions and management discretion.
• All forward-looking statements are subject to risks and uncertainties, and there is no guarantee that the buyback will continue at the current pace or that it will have a positive effect on the share price.

Potential Market Impact

The ongoing and substantial buyback program may be price-sensitive news. If investors believe the company is undervalued and see management actively repurchasing shares, this can create upward pressure on the stock price. In addition, reduced share counts can improve per-share metrics, further supporting valuation. However, the ultimate impact will depend on broader market conditions, investor sentiment, and the company’s underlying performance.

Disclaimer

This article is provided for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions. All forward-looking statements are subject to risks and uncertainties, and actual outcomes may differ materially from those expressed herein. News Corporation is under no obligation to complete the full authorized buyback, and market conditions or regulatory changes may affect the program at any time.

View NEWS CORP Historical chart here