$NWSA·8-K

NEWS CORP · Apr 6, 6:41 PM ET

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NEWS CORP 8-K

Research Summary

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News Corp Files ASX Disclosures for $1B Share Repurchase Program

What Happened
News Corporation (NWSA) filed an 8-K on April 7, 2026, providing copies of the information it submitted to the Australian Securities Exchange (ASX) concerning its ongoing stock repurchase program. The company is authorized to buy back up to $1.0 billion aggregate of its outstanding Class A and Class B common stock and, under ASX rules, must disclose transactions under the program to the ASX on a daily basis. Exhibits 99.1–99.4 attached to the filing are the ASX disclosures provided on the dates noted in those exhibits.

Key Details

  • Authorized repurchase amount: up to $1.0 billion (aggregate of Class A and Class B common stock).
  • Filing date: April 7, 2026; signed by Michael L. Bunder, Senior VP, Deputy General Counsel & Corporate Secretary.
  • Regulatory requirement: daily disclosure of repurchase transactions to the ASX; company also reports program activity in quarterly and annual SEC filings.
  • Filing includes forward-looking statements about future repurchases and disclaims any obligation to update those statements except as required by law.

Why It Matters
A $1 billion repurchase authorization is a material capital-allocation action: buybacks can reduce shares outstanding and potentially support earnings per share and market demand for the stock. The filing itself does not announce specific repurchase amounts or dates beyond the daily ASX disclosures, but investors should watch the ASX updates (and the company’s SEC periodic reports) for actual repurchase activity and timing.