News Corp (NWSA) Spends $288.1M in Buyback Program

By Greg Peters • Wednesday, August 26 13:02 • Permanent Link

News Corporation said it bought back 11,189,201 shares on the previous day, spending US$288.1 million, compared with 54,641 shares and US$1.68 million on the day before.

The company reported that the repurchases were part of its 2025 buyback program, which authorizes up to US$1 billion of Class A and Class B common stock. To date, it has spent about US$443.8 million under that program, leaving roughly US$556.2 million available.

The stock was bought at a high of US$30.88 on Aug. 24 and a low of US$22.20 on Feb. 9. The buyback applies to Nasdaq-listed Class A and Class B shares and does not include ASX-listed CDIs. Following these announcements, the company's shares moved 0.08%, and are now trading at a price of $30.945. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.