News Corporation has recently announced a repurchase program for their Class A and Class B common stock, with an aggregate of US$1 billion authorized under the 2021 Repurchase Program and an additional US$1 billion authorized under the 2025 Repurchase Program as of July 15, 2025. The company intends to repurchase a combination of Class A and Class B common stock in the open market or otherwise, subject to market conditions and stock prices.
As of the latest notification, the total number of securities proposed to be bought back is approximately US$1,000,000,000. The company has affirmed its intention to buy back a maximum number of securities, and it has already purchased approximately US$770,117,903 worth of Class A and Class B shares under the 2021 Repurchase Program.
The most recent daily buy-back notification reveals that on the previous day, 23,949,483 securities were bought back, and a total consideration of US$508,131,903 was paid. The highest price paid for repurchased securities was US$30.75, while the lowest price paid was US$14.88.
The anticipated date for the buy-back to occur is September 22, 2021, and the buy-back does not require security holder approval or have any restrictions on foreign participation. The reason for the buy-back is to enhance shareholder value.
The market has reacted to these announcements by moving the company's shares 0.66% to a price of $30.65. For the full picture, make sure to review NEWS CORP's 8-K report.
