News Corp Boosts 2025 Buyback Program

By Bobby Samwell • Wednesday, June 03 10:53 • Permanent Link

News Corporation has stepped up its 2025 repurchase program with another day of buying, taking the total amount spent to about US$282.5 million against an authorized ceiling of US$1 billion.

On June 2, the company bought back 70,004 shares for US$1.86 million, according to its latest daily buy-back notice filed June 3. That followed a much larger tranche before that date: 7.27 million shares repurchased for US$181.3 million.

The purchases were made in the market through Goldman Sachs & Co. LLC. News said the program covers Nasdaq-listed Class A and Class B common stock, with no ASX-listed CDIs included.

The company’s latest filing puts the remaining capacity under the program at roughly US$717.5 million. The shares are being bought back in USD, and the company has said the program may continue from time to time depending on market conditions and stock price. As a result of these announcements, the company's shares have moved -1.4% on the market, and are now trading at a price of $26.04. For the full picture, make sure to review NEWS CORP's 8-K report.

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