NEWS CORP 8-K
Research Summary
AI-generated summary
News Corp Files 8-K on Ongoing $1B Share Repurchase Disclosures
What Happened
- News Corporation (NWSA) filed a Form 8-K on February 19, 2026 to report information provided to the Australian Securities Exchange (ASX) under its existing stock repurchase program.
- The company is authorized to buy up to $1 billion aggregate of its Class A and Class B common stock and, under ASX rules, must disclose any Repurchase Program transactions to the ASX on a daily basis. Exhibits 99.1 and 99.2 attached to the filing are the specific ASX disclosures referenced. The filing also includes standard forward-looking statements and related disclaimers.
Key Details
- Authorized repurchase amount: up to $1.0 billion aggregate of Class A and Class B common stock.
- ASX requirement: daily disclosure of any transactions made under the Repurchase Program.
- Filing date and signature: Form 8-K filed February 19, 2026; signed by Michael L. Bunder, Senior VP, Deputy General Counsel and Corporate Secretary.
- Exhibits: 99.1 and 99.2 contain the actual information provided to the ASX on the noted dates.
Why It Matters
- Share repurchases can reduce outstanding share count, potentially supporting earnings per share and stock price over time; investors should note the program remains active up to the $1B limit.
- The daily ASX disclosures increase transparency for Australian-market investors about any buybacks the company executes.
- This filing does not report changes to the repurchase authorization, financial results, or management — it is reporting the disclosures required under the existing repurchase program.