NEWS CORP 8-K
Research Summary
AI-generated summary
News Corp Discloses ASX Filings for $1B Share Repurchase Program
What Happened
- News Corporation (NWSA) filed an 8-K on February 9, 2026 announcing it provided information to the Australian Securities Exchange (ASX) as required under its ongoing stock repurchase program. The Company is authorized to repurchase up to $1 billion of its Class A and Class B common stock. Copies of the information furnished to the ASX are attached as Exhibit 99.1 and Exhibit 99.2 to the filing.
Key Details
- Authorized repurchase amount: up to $1.0 billion aggregate of Class A and Class B common stock.
- ASX requirement: Company must disclose any repurchase transactions to the ASX on a daily basis.
- Exhibits: 99.1 and 99.2 are the ASX disclosures provided on the dates shown in those exhibits.
- Forward-looking statements: the filing includes customary forward-looking disclaimers about intent to repurchase and factors that could cause actual results to differ.
Why It Matters
- Share repurchases can reduce the number of outstanding shares and potentially support earnings per share and stock price; this filing confirms ongoing compliance and transparency, but does not itself authorize additional buyback capacity beyond the existing $1B program.
- The daily ASX disclosures increase transparency for investors about any repurchase activity in the Australian market.
- The 8-K is routine corporate disclosure; investors should look to the attached exhibits or future filings for specific daily transaction details or amounts actually repurchased.