News Corp Reports Routine Daily Stock Repurchases Under $1 Billion Buyback Program
NEWS CORP
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Filing Summary
š° News Corp ($NWSA / $NWS) filed a Form 8-K disclosing routine share repurchase activity under its authorized $1 billion stock buyback program.
ā¢ Date of Event: October 23, 2026 ā¢ Class A Shares Repurchased: 54,641 ā¢ Total Consideration: $1,691,805.57 (~$30.96/share) ā¢ Cumulative Class A Shares Repurchased: 13,661,680 ($361.55M total) ā¢ Filing Purpose: Routine daily disclosure mandated by Australian Securities Exchange (ASX) listing rules.
Comprehensive Analysis
Executive Summary
On October 26, 2026, News Corporation filed a Form 8-K pursuant to Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits). The purpose of the filing is to furnish copies of daily share buyback notices provided to the Australian Securities Exchange (ASX) under ASX Listing Rule 3.8A.
Key Transaction Details
Under News Corp's authorized $1 billion stock repurchase program (authorized July 15, 2025):
- Transaction Date: October 23, 2026
- Security: Class A Common Stock (ASX: NWSAA / Nasdaq: NWSA)
- Daily Shares Repurchased: 54,641 shares
- Daily Consideration Paid: US$1,691,805.57
- Implied Average Execution Price: ~$30.96 per share (Highest: $31.13)
- Cumulative Repurchases (Prior to Event Date): 13,607,039 shares for US$359,862,281.13
- Total Repurchased to Date: 13,661,680 shares for ~US$361.55 million
- Broker: Goldman Sachs & Co. LLC
Market Impact & Significance
The trading significance of this filing is categorized as Low. The filing reflects standard, programmatic on-market repurchases conducted under an already announced $1 billion buyback authorization. Because News Corp maintains dual listings and CDIs on the ASX, Australian rules mandate daily disclosure of repurchase transactions, leading to regular 8-K filings that do not represent new material events or unexpected corporate actions.
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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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