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News Corporation (NASDAQ:NWSA) (NASDAQ:NWS), a $16.8 billion media giant with annual revenues exceeding $10.2 billion, has disclosed ongoing transactions under its stock repurchase program in a recent SEC filing. The company, which is authorized to buy back up to $1 billion of its Class A and Class B common stock, made this information public in compliance with Australian Securities Exchange (ASX) requirements, where it is also listed.
The filing, dated May 27, 2025, details the company’s commitment to its repurchase plan, which is also regularly reported in its quarterly and annual filings. According to InvestingPro data, analysts maintain a strong buy consensus on the stock, and the company appears slightly undervalued based on Fair Value analysis. The disclosed transactions reflect News Corp’s strategy to manage its capital return to shareholders.
The repurchase program is subject to market conditions, applicable laws, and other investment opportunities, which may influence the timing and amount of stock repurchases. With a healthy current ratio of 1.68 and strong free cash flow of $701 million, the company appears well-positioned to execute its buyback strategy. The company’s management bases its forward-looking statements on current expectations, with the acknowledgment that actual results could vary due to a variety of factors. For deeper insights into News Corp’s financial health and growth potential, check out the comprehensive Pro Research Report available on InvestingPro.
News Corp, headquartered in New York and incorporated in Delaware, operates in the newspaper publishing industry. The company’s 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 includes the standard disclaimer that forward-looking statements are subject to risks and uncertainties and may differ materially from what is currently anticipated. News Corp has stated that it does not have any obligation to update its forward-looking statements, except as required by law.
The information provided in this article is based on a press release statement.
In other recent news, News Corp has announced the continuation of its stock repurchase program, authorizing the buyback of up to $1 billion of its Class A and Class B common stock. This was disclosed in a filing with the Securities and Exchange Commission (SEC). The company is required to report daily on any share buybacks to the Australian Securities Exchange (ASX), and these updates are also included in its quarterly and annual reports. The SEC filing includes forward-looking statements about the company’s intention to repurchase shares over time, though these plans are subject to market conditions and other factors. News Corp’s commitment to the buyback program is part of its capital management strategy, aiming to enhance shareholder value. The company has emphasized that actual outcomes may differ from current expectations due to market fluctuations and other uncertainties. News Corp has made it clear that it does not have an obligation to update these forward-looking statements unless required by law. Investors can access detailed information about the repurchase transactions from the exhibits attached to the SEC filing.
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