NEWS CORP (NWSA) Announces $183 Million Share Buyback

By Tamara Parker • Thursday, June 04 13:03 • Permanent Link

News Corporation said it has bought back another 70,004 shares for US$1.82 million on June 3, extending a repurchase program that has now returned US$183.17 million to shareholders in the latest reporting period alone.

The company disclosed that it repurchased 7.34 million shares before that day, bringing total shares bought back or subject to acceptances to 7,339,112. The latest purchase price was US$26.32 a share, down from US$27.40 at the high point of the program and above the US$22.20 low.

Under the 2025 Repurchase Program, News Corp can buy back up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. So far, it has spent about US$285.23 million on the program.

The company said the buyback is being carried out through Goldman Sachs & Co. LLC and that no ASX-listed CDIs will be repurchased. Today the company's shares have moved 3.38% to a price of $26.93. If you want to know more, read the company's complete 8-K report here.

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