NEWS CORP Repurchases $356.1M Stock

By Ahmed Jamerson • Friday, July 10 16:06 • Permanent Link

News Corporation said it has now repurchased about US$356.1 million of stock under its US$1 billion buyback program, leaving roughly US$643.9 million still authorized to be spent.

In the latest daily update, the company reported buying back 9,113,585 shares on the prior day and a further 66,163 shares on the previous day, for a combined 9,179,748 shares. It paid US$229.3 million for the larger block and US$1.8 million for the smaller one.

The repurchases are part of the company’s 2025 Repurchase Program, which covers its Nasdaq-listed Class A and Class B common stock. No ASX-listed CDIs are included.

The company said the highest price paid in the program so far was US$27.60 a share, while the lowest was US$22.20. The buyback is being handled by Goldman Sachs & Co. LLC. The market has reacted to these announcements by moving the company's shares -0.8% to a price of $27.27. For the full picture, make sure to review NEWS CORP's 8-K report.

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