News Corporation has filed an 8-K report detailing its ongoing authorization to repurchase shares of its Class A and Class B common stock. The company is permitted to acquire up to an aggregate of $1 billion of these shares under a program that was authorized on July 15, 2025.
The repurchase program is intended to be executed from time to time in the open market or through other means, subject to market conditions and the price of the company's stock. The company has engaged Goldman Sachs & Co. LLC to act as the broker for these transactions.
According to the filing, the company has purchased approximately $565,439,577 worth of Class A and Class B shares to date under the 2025 Repurchase Program. The most recent daily notification filed with the Australian Securities Exchange (ASX) on November 3, 2026, indicates that the company bought back 13,950,249 shares on November 2, 2026, with a total consideration of $370,138,658.42.
The highest price paid for shares during the reporting period was $31.58, and the lowest price paid was $22.20. The company states that the purpose of the buy-back is to enhance shareholder value.
