NEWS CORP Repurchases $306.4M in Shares

By Greg Peters • Friday, September 11 10:51 • Permanent Link

News Corporation said it had repurchased 11,786,414 shares before the previous day and another 58,482 shares on the previous day, taking total consideration paid or payable to US$306.4 million and US$1.7 million, respectively.

The company’s 2025 repurchase program authorizes up to US$1 billion of its Nasdaq-listed Class A and Class B stock. To date, it has bought back approximately US$471.0 million worth of those shares, leaving about US$529.0 million of capacity remaining.

The latest filing said the highest price paid was US$31.58 a share, while the lowest price paid was US$22.20. The most recent daily purchase price was US$29.63, compared with US$29.08 on the earlier day.

News Corp said the buyback covers Class A common stock and Class B common stock, with Goldman Sachs & Co. LLC acting as broker. No ASX-listed CDIs are included in the program. As a result of these announcements, the company's shares have moved -0.15% on the market, and are now trading at a price of $29.335. Check out the company's full 8-K submission here.

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