NEWS CORP – $270.8M SHARE BUYBACK

By Hao Liu • Wednesday, August 12 10:49 • Permanent Link

News Corp said it had bought back 10,596,699 shares in the latest reporting period, paying a total of US$270.8 million, according to its daily buy-back notification.

The company also reported that on the prior day it repurchased 62,323 shares for US$1.78 million. That compares with 10,596,699 shares and US$270.8 million in the earlier period shown in the filing.

Under its 2025 repurchase program, News Corp said it is authorized to buy back up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. To date, it has spent about US$417.98 million on the program, leaving roughly US$582.02 million of capacity remaining.

The filing said the program covers Class A and Class B common stock and that no ASX-listed CDIs will be repurchased. The highest price paid in the latest buyback period was US$30.79, while the lowest was US$22.20. The market has reacted to these announcements by moving the company's shares -0.96% to a price of $28.355. Check out the company's full 8-K submission here.

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