News Corp Discloses Daily Share Buyback Activity Under $1B Repurchase Program
NEWS CORP
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Filing Summary
News Corp (NASDAQ: NWSA / NWS) filed Form 8-K disclosing daily buyback details pursuant to ASX listing rules under its $1B repurchase program. On September 9, 2026, the company repurchased 58,482 Class A shares for approximately $1.73M at prices between $29.24 and $29.81.
Comprehensive Analysis
Filing Overview
On September 10, 2026, News Corporation filed a Form 8-K under Item 8.01 (Other Events) to disclose daily share repurchase transactions furnished to the Australian Securities Exchange (ASX) under ASX Listing Rule 3.8A.
Key Transaction Highlights
- Repurchase Program: Authorized aggregate repurchase capacity of up to $1.0 billion of Class A and Class B common stock.
- Daily Activity (September 9, 2026):
- Class A Shares Repurchased: 58,482 shares
- Total Daily Consideration: US$1,731,096.44
- Daily Price Range: US$29.24 to US$29.81 per share
- Cumulative Repurchases to Date (Class A): 11,786,414 total Class A shares repurchased for an aggregate of approximately US$306.40 million.
- Executing Broker: Goldman Sachs & Co. LLC
Trading & Market Significance
This report reflects routine ongoing execution of News Corp's existing share repurchase program and fulfills cross-listing regulatory requirements on the ASX. Because it represents ordinary course execution within an already announced $1 billion program, its immediate market impact is categorized as Low.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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