other_material
confidence high
sentiment positive
materiality 0.70
News Corp authorizes additional $1B share repurchase program; cumulative buyback under prior program reaches $699M
NEWS CORP
- On July 15, 2025, board authorized a new $1B repurchase program (2025 Repurchase Program) for Class A and B common stock.
- Prior $1B program (2021) had ~$699.3M deployed through July 21, leaving ~$301M remaining.
- On July 21, 2025, News Corp bought 11,527 Class A shares (avg $29.37) and 5,773 Class B shares (avg $33.76).
- Cumulative Class A purchases: 22.4M shares for $462.6M; Class B: 11.1M shares for $236.2M.
- Highest price paid for Class A ($30.75) and Class B ($35.41) both on July 15, 2025.
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