Bank of America just raised its EUR/USD forecast
News Corp (NASDAQ:NWSA) (NASDAQ:NWSA, NASDAQ:NWS), the $17.93 billion media conglomerate, reported Thursday that it remains authorized to repurchase up to $1 billion in aggregate of its Class A and Class B common stock under its existing stock repurchase programs. The company, which has demonstrated strong financial health according to InvestingPro metrics, provided this update as part of a regulatory filing with the U.S. Securities and Exchange Commission.
The filing states that, in accordance with Australian Securities Exchange (ASX) rules, News Corp provides daily disclosure to the ASX regarding any transactions made under the repurchase programs. The company also includes information about the repurchase programs in its quarterly and annual reports.
Exhibits attached to the filing contain copies of information supplied to the ASX about the repurchase activity. The company noted that certain statements included in the attached information are forward-looking and subject to change based on factors such as market price, general conditions, securities laws, and other risks as described in the company’s SEC filings.
News Corp did not provide specific details about recent share repurchase activity in the filing. The company reiterated that it is not obligated to update forward-looking statements, except as required by law.
This summary is based on a statement in a press release filed with the SEC.
In other recent news, News Corp announced the continuation of its $1 billion stock repurchase program, which authorizes the company to buy back its Class A and Class B common stock. The company has confirmed that it is required to provide daily disclosures to the Australian Securities Exchange (ASX) about any transactions under this program. News Corp also includes updates on the repurchase program in its quarterly and annual reports. The information was disclosed in a press release statement included in a filing with the Securities and Exchange Commission (SEC). The company has attached copies of the information provided to the ASX as exhibits to its SEC filing. News Corp emphasized that forward-looking statements about its intent to repurchase shares are based on current management expectations. These statements are subject to change due to factors such as market price, general market conditions, and applicable securities laws. The company clarified that it does not undertake any obligation to update these statements except as required by law or regulation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.