NEWS CORP (NWSA) Spends $493.68M on Buyback Program

By Philip Seaworth • Thursday, September 24 10:48 • Permanent Link

News Corp said it bought back 62,323 shares on Sept. 23 for US$1.78 million, bringing the total repurchased under its 2025 buyback program to about US$493.68 million.

The company’s daily filing showed that the prior day’s purchases were far larger: 12.30 million shares for US$321.67 million. Combined, the two days accounted for 12.36 million shares and US$323.44 million in consideration.

News Corp’s 2025 repurchase program authorizes up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. With roughly US$493.68 million already spent, about US$506.32 million remains available under the program.

The filing said the shares were bought in US dollars, with Goldman Sachs & Co. LLC acting as broker. It also noted the company has not set a fixed price for the repurchases. As a result of these announcements, the company's shares have moved -3.86% on the market, and are now trading at a price of $28.12. For more information, read 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.