News Corp Authorizes $1 Billion Stock Buyback Program

News Corporation (NASDAQ:NWSA) (NASDAQ:NWS), a global diversified media and information services company with a market capitalization of $16.7 billion, has announced the authorization of a stock repurchase program. Under this program, the company is permitted to buy back up to $1 billion worth of its outstanding Class A common stock and Class B common stock over time. According to InvestingPro data, the company maintains a healthy balance sheet with a current ratio of 1.68 and a moderate debt-to-equity ratio of 0.35.

The announcement, outlined in a recent SEC Form 8-K filing dated May 9, 2025, states that the company will be providing daily updates to the Australian Securities Exchange (ASX) regarding any transactions made under the repurchase program. Additionally, News Corp will disclose details of the repurchase program in its quarterly and annual reports.

The filing also includes forward-looking statements regarding the company’s intentions to repurchase shares from time to time. These statements are based on current management expectations and are subject to change due to various factors, including market conditions and the price of the company’s stock. InvestingPro analysis suggests the stock is currently trading above its Fair Value, with analysts maintaining a bullish consensus and setting price targets ranging from $26.50 to $44.00 per share.

News Corp emphasized that forward-looking statements are only valid as of the report’s date, and the company does not commit to updating these statements publicly unless required by law or regulation.

The repurchase program is part of News Corp’s broader strategy to manage its capital effectively. The buyback plan reflects the company’s confidence in its financial strength and its commitment to delivering value to its shareholders. This confidence appears well-founded, as InvestingPro data shows the company generated $701 million in free cash flow over the last twelve months, with revenue reaching $10.27 billion. For deeper insights into News Corp’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

The repurchase program’s specifics, including the timing and amount of any repurchases, will be determined by the company’s management team based on market conditions and other factors.

This news is based on a press release statement and has been reported in accordance with the SEC’s filing requirements. News Corp has not provided any additional details on the timing or potential impact of the repurchase program on its financial performance.

Investors and stakeholders are advised to review News Corp’s filings with the Securities and Exchange Commission for further information regarding the company’s financial position and strategic initiatives, including the stock repurchase program.

In other recent news, News Corporation has announced the continuation of its stock repurchase program, as detailed in its latest SEC Form 8-K filing. The company is authorized to buy back up to $1 billion of its outstanding Class A and Class B common stock. This initiative is part of News Corp’s broader strategy to manage its capital allocation effectively and enhance shareholder value. The company is required to report daily transactions under this program to the Australian Securities Exchange, as per market regulations, and these updates are also included in its quarterly and annual reports. The SEC filing contains forward-looking statements regarding the company’s intentions to repurchase shares intermittently, although these plans are subject to change based on factors such as market conditions and legal requirements. News Corp emphasizes that while it has expressed its intention to repurchase shares, actual results may vary due to market dynamics and other influencing factors. The company does not commit to updating these forward-looking statements publicly unless required by law. Investors and interested parties can refer to the company’s SEC filings for more detailed information regarding its stock repurchase program and other financial activities.

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