News Corporation has authorized a new stock repurchase program. The company is permitted to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock. This authorization, referred to as the "2025 Repurchase Program," was approved on July 15, 2025.
The company intends to repurchase shares from time to time in the open market or through other means. The repurchases will be subject to market conditions, the market price of the stock, and other factors. The company has engaged Goldman Sachs & Co. LLC to facilitate the buyback.
The repurchase program is intended to enhance shareholder value. As of the most recent disclosure, the company has purchased approximately $522,718,562 worth of Class A and Class B shares under this program.
Under the rules of the Australian Securities Exchange (ASX), the company is required to provide daily disclosure of transactions pursuant to the Repurchase Program. The company also reports this information in its quarterly and annual reports.
