News Corp continues stock repurchase program

In a recent Securities and Exchange Commission (SEC) filing, News Corporation (NASDAQ:NWSA), currently valued at $15.41 billion, disclosed ongoing actions under its stock repurchase program. According to InvestingPro analysis, the stock appears fairly valued at its current price of $26.07. The company, a global diversified media and information services firm, is authorized to buy back up to $1 billion of its Class A and Class B common stock.

The filing, dated April 3, 2025, indicates that News Corp is required to report daily transactions related to the repurchase program to the Australian Securities Exchange (ASX), in addition to providing quarterly and annual updates in its financial reports.

The SEC filing includes forward-looking statements concerning the company’s intentions to periodically acquire shares of its own stock. These plans are subject to change based on market conditions, legal requirements, and other investment opportunities. The company’s filings with the SEC provide further details on the potential risks and uncertainties that could affect these repurchase activities.

News Corp’s repurchase initiative is part of a broader strategy to manage capital allocation and shareholder value. The company’s shares are traded on the Nasdaq Global Select Market under the symbols NWSA for Class A shares and NWS for Class B shares.

The information in this article is based on a press release statement. News Corporation has not announced any new repurchase transactions at the time of this report. Investors and interested parties are encouraged to review the company’s SEC filings for the most current information regarding its stock repurchase program.

In other recent news, News Corp has announced the continuation of its $1 billion stock repurchase program, as detailed in a recent 8-K filing with the Securities and Exchange Commission (SEC). This initiative allows the company to buy back its Class A and Class B common stock, aligning with its capital allocation strategy. The repurchase program is subject to market conditions, stock price fluctuations, and applicable laws, with daily transaction reports submitted to the Australian Securities Exchange (ASX). News Corp’s management believes that the buyback is a prudent use of capital, reflecting confidence in the company’s long-term value. Forward-looking statements in the SEC filing indicate that the program’s execution may vary due to various market and regulatory factors. Investors and market analysts closely monitor these developments, as the repurchase program could impact the company’s capital structure. The company emphasizes that it will continue to update its shareholders through quarterly and annual reports, maintaining transparency in its financial activities.

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