News Corp Discloses Daily Share Buy-Back Activity Under $1B Repurchase Program
NEWS CORP
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Filing Summary
News Corp (NASDAQ: NWSA / NWS) Form 8-K Filing Analysis
• Filing Type: Form 8-K (Item 8.01 - Other Events) • Filing Date: September 14, 2026 • Event Reported: Daily notification of open-market share buyback transactions pursuant to Australian Securities Exchange (ASX) disclosure rules. • Repurchase Summary (Class A Stock):
- Shares Repurchased (Sep 11, 2026): 58,482 shares
- Total Consideration (Sep 11, 2026): ~$1.72M (avg ~$29.44/share)
- Cumulative Repurchased to Date: 11,903,378 Class A shares (~$309.84M total consideration) • Program Size: Up to $1.0B in aggregate across Class A and Class B common stock.
Comprehensive Analysis
Executive Summary
On September 14, 2026, News Corporation filed a Form 8-K under Item 8.01 (Other Events) to report its daily share buyback activity conducted under its authorized $1.0 billion stock repurchase program. The filing includes daily disclosures submitted to the Australian Securities Exchange (ASX) as required by ASX listing rules.
Key Details
- Program Overview: News Corp is authorized to repurchase up to $1.0 billion in aggregate of its outstanding Class A and Class B common stock.
- Transaction Summary (Class A Common Stock - Exhibit 99.1):
- Date of Buy-Back: September 11, 2026
- Shares Repurchased on Previous Day: 58,482 shares
- Total Consideration on Previous Day: $1,721,867.98 USD
- Day High / Low Price: $29.63 / $29.23 USD (implied average: ~$29.44 per share)
- Cumulative Class A Shares Repurchased: 11,903,378 shares for a cumulative total of approximately $309.84 million USD
- Broker: Goldman Sachs & Co. LLC
Trading Significance
Significance: Low
This filing represents a routine disclosure mandated by ASX listing rules for daily open-market repurchase notifications. It reflects continuous execution under News Corp's existing capital allocation strategy rather than an unexpected corporate event or material catalyst.
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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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