other_material
confidence high
sentiment positive
materiality 0.70
News Corp authorizes additional $1B buyback; reports daily repurchase activity
NEWS CORP
- New $1B buyback authorization (2025 Repurchase Program) added, bringing total capacity to $2B.
- Cumulative purchases under 2021 Program: ~$701.9M of $1B as of July 28, 2025.
- On July 28, repurchased 11,527 Class A shares for ~$339K and 5,773 Class B shares for ~$194K.
- Broker for repurchases: Morgan Stanley & Co. LLC.
- Buyback covers Nasdaq-listed shares only; no ASX-listed CDIs will be repurchased.
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