NEWS CORP 8-K
Research Summary
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News Corp Files 8-K on $1B Stock Repurchase Program Disclosures
What Happened News Corporation (NWSA) filed a Form 8-K on February 13, 2026, reporting "Other Events" related to its ongoing stock repurchase program. The company reiterated that it is authorized to buy up to $1 billion in the aggregate of its Class A and Class B common stock and attached copies (Exhibits 99.1 and 99.2) of the information provided to the Australian Securities Exchange (ASX) on the dates noted in those exhibits. The filing also includes the company’s standard forward‑looking statements disclaimer.
Key Details
- Authorized repurchase program size: up to $1.0 billion aggregate of Class A and Class B common stock.
- Disclosure requirement: News Corp provides daily transaction information to the ASX under ASX rules (and also reports repurchase activity in its quarterly and annual reports).
- Filing date: Form 8-K dated February 13, 2026; Exhibits 99.1 and 99.2 contain the ASX disclosures referenced.
- Forward-looking statements: The disclosures include forward‑looking comments about intent to repurchase and state no obligation to update those statements except as required by law.
Why It Matters This is a disclosure filing, not an announcement of specific repurchase transactions. For investors, the program signals that News Corp has authority to buy shares (up to $1 billion), which can reduce outstanding shares and potentially support per‑share metrics and share price over time. The daily ASX reporting increases transparency about any repurchase activity; however, the company did not commit to timing, amounts, or guarantee future purchases — actual repurchases depend on market conditions and other factors.