News Corp continues share repurchase program

In a recent SEC filing, News Corp (NASDAQ:NWSA) disclosed ongoing transactions under its stock repurchase program, which authorizes the buyback of up to $1 billion of its Class A and Class B common stock. The company, a global media and information services firm with a market capitalization of $16.14 billion, is required to report daily transactions to the Australian Securities Exchange (ASX) as part of its repurchase activities. According to InvestingPro data, News Corp has demonstrated strong financial health with a GOOD overall rating, suggesting solid fundamentals supporting its buyback strategy.

The information provided to the ASX, which was attached as exhibits to the SEC filing, contains forward-looking statements regarding the intention to repurchase shares from time to time. These plans are subject to change based on various factors, including market conditions, share price fluctuations, and alternative investment opportunities. The stock currently trades at $27.13, and based on comprehensive analysis from InvestingPro, the company appears fairly valued, with analysts maintaining a strong buy consensus.

The filing, dated April 24, 2025, further indicates that News Corp’s repurchase strategy is an ongoing effort, as previously detailed in the company’s quarterly and annual reports. The company’s financial position appears robust, with last twelve months revenue of $10.25 billion and a year-to-date stock performance of -1.12%, though showing stronger long-term momentum with a 12.86% return over the past year. However, the actual outcome of these repurchases could differ materially due to the risks and uncertainties inherent in the stock market.

News Corp, headquartered at 1211 Avenue of the Americas, New York, operates under the industrial classification of newspapers: publishing or publishing & printing. The company’s common stock is traded on the Nasdaq Global Select Market under the symbols NWSA for Class A shares and NWS for Class B shares.

The SEC filing, which includes the company’s forward-looking statements, is based on management’s current expectations and beliefs. Nonetheless, News Corp emphasizes that there is no obligation to update any forward-looking statements publicly, except as required by law or regulation.

Investors and interested parties can find more details regarding the repurchase program in the company’s filings with the Securities and Exchange Commission. This information is based on a press release statement and aims to provide clarity on News Corp’s ongoing financial activities.

In other recent news, News Corporation has confirmed the continuation of its share repurchase program, as outlined in its latest SEC filings. The company is authorized to buy back up to $1 billion worth of its Class A and Class B common stock. This ongoing initiative is part of News Corp’s broader strategy to manage capital allocation and return value to shareholders. Under the rules of the Australian Securities Exchange, News Corp is required to report daily on any transactions made under this program, ensuring transparency with investors.

The company’s filings include forward-looking statements about its intentions to repurchase shares, although these plans are contingent on various market factors such as stock prices and legal requirements. News Corp has emphasized that these forward-looking statements are based on current management expectations and may change due to uncertainties and market conditions. The firm’s commitment to the repurchase program reflects its management’s confidence in the company’s financial strength and long-term value proposition. Investors are reminded that the company is not obligated to update these statements except as required by law.

This development is documented in the company’s recent SEC filings and is part of its strategy to enhance shareholder value through effective capital management.

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