News Corporation has filed a Current Report on Form 8-K detailing its ongoing stock repurchase activities. The company disclosed that it is authorized to acquire up to an aggregate of $1 billion of its Class A and Class B common stock under a repurchase program initiated on July 15, 2025.
The filing, dated September 28, 2026, indicates that the company intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the price of the stock. The company is required to provide daily disclosure of these transactions to the Australian Securities Exchange (ASX) and reports this information in its quarterly and annual filings.
According to the attached exhibit, the company purchased 12,484,357 shares on September 28, 2026, with a total consideration of $326,985,205.98. The highest price paid for a share during the reporting period was $31.58, while the lowest price paid was $22.20.
The company has stated that the purpose of the buyback is to enhance shareholder value. As of the date of the filing, the company has purchased approximately $501,577,975 worth of Class A and Class B shares under the 2025 Repurchase Program.
