NEWS CORP 8-K
Research Summary
AI-generated summary
News Corporation Files 8-K: ASX Disclosures for $1B Share Repurchase Program
What Happened
News Corporation (NWSA) filed a Form 8-K on February 4, 2026 (Item 8.01) to provide information it supplied to the Australian Securities Exchange (ASX) regarding the Company's ongoing stock repurchase program. The filing attaches the ASX disclosures and reiterates the Company’s authorization to repurchase up to $1 billion of its outstanding Class A and Class B common stock. The company also notes these communications include forward-looking statements and disclaims any obligation to update them except as required by law.
Key Details
- The repurchase program authorization: up to $1.0 billion in the aggregate of Class A and Class B common stock.
- Filing date: Form 8-K dated February 4, 2026; information provided to the ASX on the dates shown in Exhibits 99.1 and 99.2.
- ASX requirement: the Company provides daily disclosure to the ASX of any transactions under the repurchase program.
- The filing emphasizes forward-looking statements (intent to repurchase shares) and states no obligation to update them beyond legal requirements.
Why It Matters
This confirms News Corp continues to operate a substantial share buyback program (up to $1B), which can reduce share count and potentially support per-share metrics over time. Daily ASX reporting increases transparency for investors about repurchase activity. The filing contains only disclosures and forward-looking intent—no new authorization or change to the program size was announced.