NEWS CORP 8-K
Research Summary
AI-generated summary
News Corp Discloses ASX Stock Repurchase Program Activity
What Happened
- News Corporation (NWSA) filed an 8-K on February 10, 2026, reporting disclosures it provided to the Australian Securities Exchange (ASX) related to its ongoing stock repurchase program.
- The Company is authorized to repurchase up to $1 billion aggregate of its Class A and Class B common stock and must provide daily ASX disclosure of any transactions under the program. The 8-K attaches the information supplied to the ASX as Exhibits 99.1 and 99.2 and includes standard forward-looking statement cautions.
Key Details
- Authorized repurchase amount: up to $1.0 billion (aggregate) of Class A and Class B common stock.
- Regulatory requirement: daily disclosure to the ASX of any repurchase transactions under the program.
- Filing date: Form 8-K dated February 10, 2026; Exhibits 99.1 and 99.2 contain the ASX notices.
- Forward-looking statement notice: Company disclaims obligation to update forward-looking statements except as required by law.
Why It Matters
- Stock repurchase programs can reduce share count and potentially support earnings per share and share price; the $1 billion authorization sets the maximum scope of News Corp’s buybacks.
- The filing does not itself report specific repurchase amounts or timing — investors should review the attached ASX notices (Exhibits 99.1/99.2) and monitor daily ASX disclosures for actual transaction details.
- This is an operational/regulatory disclosure rather than a change in financial results or management; it signals the company retains authority to buy back shares within the stated cap.