NEWS CORP 8-K
Research Summary
AI-generated summary
News Corp Discloses ASX Stock Buyback Activity Under $1B Repurchase Program
What Happened
- News Corporation filed an 8-K on February 2, 2026, disclosing information provided to the Australian Securities Exchange (ASX) about transactions under its stock repurchase program.
- The Company is authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock and provides daily ASX disclosure of any repurchase transactions. Exhibits 99.1 and 99.2 attached to the 8-K are the ASX notices referenced.
Key Details
- Authorized repurchase amount: up to $1.0 billion aggregate of Class A and Class B common stock.
- ASX requirement: the Company must provide daily disclosure to the ASX of any transactions under the repurchase program.
- Filings: Exhibits 99.1 and 99.2 contain the specific information provided to the ASX on the noted dates.
- Forward-looking: the notices include standard forward-looking statement language and the Company disclaims any obligation to update those statements except as required by law.
Why It Matters
- Stock repurchases can reduce shares outstanding and potentially support earnings per share and shareholder value, depending on execution.
- Daily ASX disclosures increase transparency for investors about any buyback activity.
- The filing does not commit News Corp to specific repurchases; actual activity depends on market conditions, legal limits and management decisions.