News Corporation filed a Current Report on Form 8-K with the Securities and Exchange Commission on October 27, 2026, confirming the status of its ongoing share repurchase program. The filing details the company's authorization to acquire up to $1 billion in the aggregate of its outstanding Class A and Class B common stock.
The company is required to disclose transactions under this program to the Australian Securities Exchange (ASX) on a daily basis. The filing notes that the company also provides information regarding the program in its quarterly and annual reports.
Attached as Exhibits 99.1 and 99.2, the filing includes information provided to the ASX on October 28, 2026. This information outlines the details of the buy-back, including the broker facilitating the transactions.
According to the ASX notification, the company intends to repurchase Class A common stock on the Nasdaq Global Select Market. The broker appointed to offer to buy back the securities on the company's behalf is Goldman Sachs & Co. LLC. The repurchase is intended to enhance shareholder value.
The filing provides specific details on recent trading activity. On October 27, 2026, the company purchased 13,716,321 shares. The total consideration paid for these shares was $363,226,401.83. The highest price paid for a share on that day was $31.58, while the lowest price paid was $30.57.
The ASX notification also summarizes the total activity under the program to date. As of the end of the previous day, the company has purchased approximately $555,271,253 worth of Class A and Class B shares based on total consideration paid.
