News Corporation has filed an 8-K report disclosing details regarding its ongoing stock repurchase program. The company is authorized to acquire up to an aggregate of $1 billion of its outstanding Class A and Class B common stock under the 2025 Repurchase Program. This authorization was initially announced on July 15, 2025.
According to the filing, the company purchased approximately $463.3 million worth of Class A and Class B shares under this program as of the most recent reporting period. The specific buyback activity disclosed for the day includes the purchase of 11,614,809 Class A common stock shares at a total consideration of $301,262,219.93. The highest price paid for a share during this period was $31.58, while the lowest price paid was $22.20.
The company has engaged Goldman Sachs & Co. LLC to offer to buy back securities on its behalf. The repurchases are conducted in U.S. dollars, and the company has indicated that the price paid for the securities is not known in advance. The purpose of the buyback is to enhance shareholder value.
