News Corp Spends $364.3M on Share Buyback

By Tamara Parker • Wednesday, July 15 16:03 • Permanent Link

News Corp has now spent about US$364.3 million of its US$1 billion repurchase authorization, after buying another 66,163 shares on July 14 for US$1.823 million.

The latest daily filing shows the company bought 9.312 million shares before that date, with total consideration of US$234.79 million, bringing the cumulative buyback activity under the 2025 Repurchase Program to roughly US$364.27 million. That leaves about US$635.7 million still available under the program.

The company’s most recent purchase price was US$27.29 per share on July 14. Across the program so far, the highest price paid has been US$27.60, recorded on June 10, while the lowest price has been US$22.20, recorded on February 9.

News Corp’s Class A share count on issue is 360.8 million. The company said the repurchases are being made in USD and are being executed through Goldman Sachs & Co. LLC. As a result of these announcements, the company's shares have moved 1.27% on the market, and are now trading at a price of $27.95. For more information, read the company's full 8-K submission here.

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