News Corp Reports Daily Share Repurchase Activity via ASX Filing
NEWS CORP
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Filing Summary
News Corp (NWSA) filed Form 8-K disclosing routine daily share repurchase updates submitted to the Australian Securities Exchange (ASX).
• Event: Item 8.01 Other Events (ASX Share Repurchase Notification)
• Program: Up to $1.0 billion aggregate authorization
• Latest Daily Repurchase (Class A): 62,323 shares for $1.78M
• Price Range (Previous Day): $28.29 - $28.85
• Cumulative Class A Repurchased to Date: 12,982,941 shares ($341.25M)
Comprehensive Analysis
Executive Summary
On October 8, 2026, News Corporation filed an 8-K (Item 8.01) reporting its daily share repurchase disclosures as required by the Australian Securities Exchange (ASX) under its ongoing stock repurchase program.
Key Highlights
- Authorized Program: Up to $1.0 billion in aggregate of outstanding Class A and Class B common stock authorized as of July 15, 2025.
- Daily Execution (Class A Common Stock): On October 7, 2026, the company repurchased 62,323 shares of Class A common stock for a total consideration of approximately $1,783,092.19.
- Execution Prices: The highest price paid on the report date was $28.85, and the lowest price paid was $28.29.
- Program Progress (Class A): Prior to this daily transaction, News Corp had repurchased 12,920,618 Class A shares for an aggregate consideration of $339,468,502.88.
- Broker: Goldman Sachs & Co. LLC is acting as the executing broker.
Trading & Market Significance
This filing represents standard regulatory compliance under ASX listing rules and does not signify an unexpected change in corporate policy or capital allocation strategy. Significance is classified 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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