News Corp Spends $486 Million on Share Repurchase Program

By Tamara Parker • Monday, September 21 13:03 • Permanent Link

News Corp has now spent about US$485.97 million on its 2025 share repurchase program, leaving roughly US$514.03 million of the US$1 billion authorization still available.

The company reported that, as of the previous day, it had bought back 12,121,942 shares for US$316,468,492.93 before that date, and a further 58,482 shares for US$1,739,974.01 on the latest prior day. Combined, that brings total repurchases under the program to approximately US$485.97 million.

In the latest filing, News Corp said the program covers Nasdaq-listed Class A and Class B common stock, with Goldman Sachs & Co. LLC acting as broker. The company did not specify a fixed price ceiling for the repurchases, but reported the highest price paid so far was US$31.58, on Aug. 27, 2026, and the lowest was US$22.20, on Feb. 9, 2026.

News Corp said it had 359,443,324 shares on issue in the class covered by the buyback. The company indicated the repurchases are being made to enhance shareholder value. Following these announcements, the company's shares moved -0.25%, and are now trading at a price of $29.705. If you want to know more, read the company's complete 8-K report 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.