News Corp continues stock repurchase program

News Corporation (NASDAQ:NWSA) (NASDAQ:NWS), a global diversified media and information services company with a market capitalization of $16.4 billion, has reported on Friday that it is proceeding with its previously announced stock repurchase program. Under this program, News Corp is authorized to repurchase up to $1 billion of its outstanding Class A common stock and Class B common stock. According to InvestingPro analysis, the company maintains a GOOD financial health score, suggesting strong fundamentals to support this initiative.

The company is required to disclose its repurchase transactions daily to the Australian Securities Exchange (ASX), in addition to its quarterly and annual reports to the Securities and Exchange Commission (SEC). The information provided to the ASX has been attached as Exhibits 99.1 and 99.2 to the company’s recent 8-K filing.

The 8-K filing, dated June 12, 2025, also includes forward-looking statements regarding the company’s intentions to repurchase its 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 legal requirements.

News Corp’s filings with the SEC detail the risks and uncertainties that could affect actual results, which may differ materially from those expressed in the forward-looking statements. The company has stated that it does not have any obligation to update these statements for subsequent events, except as required by law.

This news comes as part of News Corp’s ongoing efforts to manage its capital and enhance shareholder value. The company’s shares are listed on The Nasdaq Global Select Market under the symbols NWSA for Class A common stock and NWS for Class B common stock.

The information regarding the stock repurchase program is based on the latest SEC filing by News Corporation.

In other recent news, News Corporation has announced the continuation of its stock repurchase program, authorizing the acquisition of up to $1 billion in Class A and Class B common stock. This update was disclosed in a series of filings with the Securities and Exchange Commission (SEC), with the company emphasizing its commitment to managing capital and returning value to shareholders. Under the program, News Corp is required to report daily transaction disclosures to the Australian Securities Exchange (ASX) and include these details in its quarterly and annual reports. The filings include forward-looking statements about the repurchase plan, which are subject to market conditions and other factors. News Corp has stated that these forward-looking statements are based on current expectations and will not be updated publicly unless required by law. The company has not provided a specific timeline for the completion of the buyback program, and transactions may occur through open market or privately negotiated deals. These developments reflect News Corp’s ongoing strategic financial maneuvers and its confidence in the company’s stock value.

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