News Corp Reports Routine Daily Share Repurchases under $1B Program
NEWS CORP
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Filing Summary
News Corp (NASDAQ: NWSA / NWS) filed Form 8-K under Item 8.01 (Other Events) on October 13, 2026, furnishing daily buy-back disclosures submitted to the Australian Securities Exchange (ASX) pursuant to ASX listing rules.
Key Highlights:
- Program: Ongoing $1.0 billion aggregate stock repurchase program (authorized July 15, 2025).
- Daily Activity (Exhibit 99.1 - Oct 9, 2026): Repurchased 58,482 Class A shares for an aggregate consideration of approximately $1.71 million.
- Cumulative Repurchased to Date (Class A): Over 13.1 million shares for ~$344.8 million.
- Significance: Routine regulatory disclosure required by ASX listing rules; low market impact.
Comprehensive Analysis
Overview
On October 13, 2026, News Corporation filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (SEC) under Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits).
The filing provides mandatory daily notifications previously submitted to the Australian Securities Exchange (ASX) under ASX Listing Rule 3.8A regarding transactions executed under the Company’s ongoing stock repurchase program.
Repurchase Program Details
- Authorization: Up to $1.0 billion aggregate of outstanding Class A common stock and Class B common stock, originally authorized as of July 15, 2025.
- Execution: Purchases occur periodically in the open market or negotiated transactions, managed by broker Goldman Sachs & Co. LLC.
- Daily Activity (Class A Stock - October 9, 2026):
- Shares Repurchased on Previous Day: 58,482 Class A shares
- Total Consideration: $1,705,539.81 (weighted average price ~ $29.16 per share)
- Daily High Price Paid: $29.35
- Cumulative Class A Shares Repurchased (to date): 13,103,746 shares totaling approximately $344.76 million.
Market Impact & Significance
- Significance: Low.
- This filing represents routine compliance with ASX daily disclosure rules applicable to dual-listed entities conducting active on-market buyback programs.
- Execution continues at a steady pace under the previously authorized $1 billion capital return program without structural changes to capital allocation strategy.
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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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