NEWS CORP 8-K
Research Summary
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News Corp Reports ASX Disclosures for $1B Stock Repurchase Program
What Happened News Corporation (NWSA) filed an 8-K dated February 23, 2026 reporting disclosures provided to the Australian Securities Exchange (ASX) under its stock repurchase program. The Company is authorized to buy up to $1 billion of its Class A and Class B common stock in the aggregate. The filing attaches copies of the information given to the ASX (Exhibits 99.1 and 99.2) and notes that those notices contain forward-looking statements subject to change. The report was signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel and Corporate Secretary.
Key Details
- Repurchase program authorization: up to $1.0 billion aggregate of Class A and Class B common stock.
- ASX requirement: Company must disclose, on a daily basis, transactions made under the repurchase program (if any).
- Exhibits: Copies of the ASX disclosures are attached as Exhibit 99.1 and Exhibit 99.2 to the 8-K.
- Forward-looking statements: The ASX notices include forward-looking language; News Corp says results may vary due to stock price, market conditions, laws and other factors and does not intend to update those statements except as required by law.
Why It Matters A buyback program can reduce outstanding shares and potentially support earnings per share and the stock price if purchases occur. The daily ASX disclosure requirement provides ongoing transparency for investors who want to track repurchase activity. The filing does not announce specific repurchase amounts or commitments — it documents the disclosures and the program’s authorization and highlights that any repurchases remain subject to market conditions, legal limits and the company's discretion.