other_material
confidence high
sentiment positive
materiality 0.60
News Corp authorizes additional $1B stock repurchase program; daily buy-back disclosed
NEWS CORP
- On July 15, 2025, Board authorized a new $1B repurchase program (2025 Repurchase Program) for Class A and B common stock.
- Combined with the $1B 2021 program, total authorization is $2B. No ASX-listed CDIs will be repurchased.
- As of July 23, 2025, $700.3M had been spent under the 2021 program; 11,527 Class A shares ($339k) and 5,773 Class B shares ($195k) bought that day.
- Highest price paid for Class A on July 15 was $30.75; for Class B $35.41. Lowest prices were $14.88 (Class A) and $15.17 (Class B) on Sep 29, 2022.
- Morgan Stanley & Co. LLC is the broker conducting on-market repurchases.
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