other material
confidence high
sentiment neutral
materiality 0.15
News Corp repurchases $2.8M of stock on May 1; $222.5M used under $1B buyback to date
NEWS CORP
- May 1: bought 70,004 Class A shares for $1.85M at $26.40 avg price; 30,471 Class B for $0.93M at $30.58 avg.
- Cumulative repurchases under 2025 program: ~$222.5M of the authorized $1B as of May 1, 2026.
- Goldman Sachs is broker for Nasdaq-listed Class A (NWSA) and Class B (NWS) repurchases.
- Program authorized July 15, 2025; no ASX-listed CDIs are bought back.
- Management cites enhancement of shareholder value as reason for buyback.