$NWSA·8-K

NEWS CORP · Jun 4, 9:04 PM ET

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NEWS CORP 8-K

Research Summary

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News Corp Files 8-K on $1B Share Repurchase Disclosures

What Happened

  • News Corporation (News Corp) filed an 8-K on June 5, 2026 (Item 8.01) providing copies of information it submitted to the Australian Securities Exchange (ASX) related to its ongoing stock repurchase program. The company is authorized to buy up to $1.0 billion aggregate of its Class A and Class B common stock and discloses ASX transaction reports daily when repurchases occur. The filing includes Exhibits 99.1 and 99.2 showing the ASX disclosures for the dates noted in those exhibits.

Key Details

  • Authorized repurchase amount: up to $1.0 billion in the aggregate of Class A and Class B common stock.
  • Regulatory disclosure: News Corp must provide daily ASX disclosure of any transactions under the repurchase program; the 8-K attaches the actual ASX notices (Exhibits 99.1, 99.2).
  • Forward-looking language: The attached notices include forward-looking statements about the company’s intent to repurchase shares and caution that actual actions depend on market price, market conditions, securities laws and other factors.
  • Filing date and signature: 8-K dated June 5, 2026, signed by Michael L. Bunder (Senior VP, Deputy General Counsel & Corporate Secretary).

Why It Matters

  • For investors, a $1 billion repurchase authorization is a material capital allocation tool: repurchases can reduce shares outstanding, potentially boosting earnings per share and supporting the stock price when executed.
  • The ASX daily disclosures and attached notices give investors more transparency into any repurchase activity, but this 8-K does not itself announce specific share purchases — it provides the notices reporting such activity when it occurs.
  • The forward-looking statements remind investors that repurchases are discretionary and subject to change based on market conditions and legal limits.

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