News Corp Repurchases $276.9M in Shares

By Bobby Samwell • Monday, June 01 15:15 • Permanent Link

News Corp reported that its share repurchase activity under the 2025 Repurchase Program reached US$276.9 million in total consideration paid, after adding US$1.84 million on the latest trading day.

The company said it bought back 70,004 shares on the previous day, following 7,129,100 shares repurchased before that date. That brings the cumulative count of shares bought back or accepted for buyback to 7,199,104.

News Corp’s latest daily notification also showed the highest price paid for the buyback at US$27.40 a share, with the lowest price paid at US$22.20. The company has authorization to repurchase up to US$1 billion of its Nasdaq-listed Class A and Class B stock under the program.

As of the latest update, the company had used about 27.7% of the authorized US$1 billion program, leaving roughly US$723.1 million available for further repurchases. Following these announcements, the company's shares moved 0.71%, and are now trading at a price of $26.285. For the full picture, make sure to review NEWS CORP's 8-K report.

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