News Corp authorizes new $1B buyback; total capacity rises to $1.3B

NEWS CORP

New $1B stock repurchase program authorized; plus $303M remaining from Sept 2021 program.
Total buyback authorization now approximately $1.303B.
Company intends to accelerate repurchase pace after fiscal Q4 2025 earnings in early August.
CEO Robert Thomson says stock trades at significant discount to intrinsic value.
Program has no time limit and may be modified, suspended, or discontinued at any time.

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