other_material
confidence high
sentiment positive
materiality 0.75
News Corp authorizes new $1B share repurchase program, effective July 15, 2025
NEWS CORP
- New $1B buyback authorization (2025 Repurchase Program) added on July 15, 2025.
- Combined with $1B 2021 program; total repurchase authority now up to $2B.
- On July 15, bought 11,527 Class A shares for $345,811 and 5,773 Class B shares for $199,523.
- Under 2021 program, ~$697M spent as of July 15; Morgan Stanley is the broker.
- Program covers Nasdaq-listed Class A (NWSA) and Class B (NWS) common stock only.
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