News Corp Discloses Daily Share Repurchase Activity Under $1B Buyback Program
NEWS CORP
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Filing Summary
News Corp (NASDAQ: NWSA) filed Form 8-K disclosing routine daily share repurchase notifications provided to the Australian Securities Exchange (ASX).
Key Details:
- Date of Buyback: September 18, 2026
- Shares Repurchased (Class A): 58,482 shares
- Total Consideration: $1,739,974.01 (~$29.75/share avg)
- Cumulative Repurchases to Date: 12,180,424 Class A shares (~$318.2M total)
- Program Capacity: Authorized up to $1.0B aggregate across Class A and Class B stock
Comprehensive Analysis
Summary of Filing
On September 21, 2026, News Corporation filed a Current Report on Form 8-K under Item 8.01 (Other Events) to disclose daily share repurchase notifications furnished to the Australian Securities Exchange (ASX) pursuant to ASX listing rules.
Transaction & Program Breakdown
- Repurchase Authorization: Up to $1.0 billion in aggregate of Class A and Class B common stock (authorized July 15, 2025).
- Class A Common Stock Activity (September 18, 2026):
- Shares Repurchased: 58,482 shares
- Consideration Paid: $1,739,974.01
- Highest Price Paid on Date: $30.05
- Average Price Paid: ~$29.75 per share
- Cumulative Class A Shares Repurchased: 12,180,424 shares for a cumulative consideration of ~$318.21 million.
- Broker Facilitating Trades: Goldman Sachs & Co. LLC
Market Impact & Significance
- Significance: Low. This filing reflects standard, recurring daily compliance reporting required by the ASX for dual-listed companies executing open-market buybacks.
- The repurchase rate demonstrates ongoing execution under the company's capital return program without signaling unexpected operational or strategic shifts.
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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.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
