NEWS CORP SPENDS $314.8 MILLION IN LATEST SHARE BUYBACKS

By Ahmed Jamerson • Friday, September 18 10:51 • Permanent Link

News Corporation said it had repurchased 12,067,301 shares the day before the filing, spending US$314.8 million, versus 54,641 shares for US$1.65 million on the prior day.

The company’s buyback program has now consumed about US$483.4 million of its authorized US$1 billion repurchase plan, leaving roughly US$516.6 million still available.

The filing said the company may buy back up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock under the 2025 Repurchase Program. It also said the latest repurchases were made in USD, with Goldman Sachs & Co. LLC acting as broker.

News Corporation reported 359,720,370 shares on issue in the class covered by the filing. The company’s highest repurchase price to date was US$31.58 a share, while the lowest was US$22.20. The filing listed the most recent repurchase date as 18 September 2026 and the anticipated date for a buyback transaction as 22 September 2021. Today the company's shares have moved -1.92% to a price of $29.60. For more information, read the company's full 8-K submission here.

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