News Corp Discloses Routine Daily Share Repurchase Activity Under $1B Program

Executive Summary

On October 21, 2026, News Corporation filed a Form 8-K pursuant to Item 8.01 (Other Events) to furnish its daily buy-back notification (Appendix 3C) provided to the Australian Securities Exchange (ASX). Under ASX listing rules, dual-listed entities are required to disclose daily open-market repurchase activities prior to the opening of trading on the subsequent business day.

Key Transaction & Program Details

• Program Overview: Authorization to repurchase up to $1.0 billion in the aggregate of outstanding Class A common stock and Class B common stock, originally authorized as of July 15, 2025.
• Daily Activity (October 21, 2026):
  • Class: Class A Common Stock (NWSAA / NWSA)
  • Volume Repurchased: 54,641 shares
  • Daily Consideration: $1,667,998.49
  • Price Range: $30.31 (low) – $30.76 (high)
  • Executing Broker: Goldman Sachs & Co. LLC
• Cumulative Repurchases to Date (Class A):
  • Prior Volume: 13,501,597 shares ($356,624,303.14)
  • Total Shares Bought Back: 13,556,238 shares
  • Total Program Expenditure to Date (Class A): ~$358.29 million

Market Impact & Significance

• Significance Level: Low
• Rationale: This is an operational, daily regulatory update mandated by ASX disclosure requirements rather than a material shift in capital allocation policy or new insider positioning. The repurchases continue steadily under the pre-existing $1.0 billion program, reflecting routine capital return execution without unexpected market implications.