8-KFiled Aug 5, 8:00 PM ET
News Corp Files 8‑K on $1B Stock Repurchase ASX Disclosures
$NWSA · NEWS CORPResearch Summary
AI-generated summary of this SEC filing
News Corp Files 8‑K on $1B Stock Repurchase ASX Disclosures
What Happened
- On August 6, 2026, News Corporation (NWSA) filed a Form 8‑K (Item 8.01) to disclose information it provided to the Australian Securities Exchange (ASX) about its stock repurchase program. The company reiterates it is authorized to buy up to $1 billion of its Class A and Class B common stock and attached the ASX disclosure documents as Exhibits 99.1 and 99.2. The filing includes the company’s forward‑looking statement disclosures and was signed by Michael L. Bunder, Senior VP, Deputy General Counsel and Corporate Secretary.
Key Details
- Authorized repurchase amount: up to $1 billion aggregate of Class A and Class B common stock.
- ASX requirement: the company provides daily disclosure of any transactions under the repurchase program.
- Exhibits: 99.1 and 99.2 are the actual ASX disclosures provided on the dates shown in those exhibits.
- Filing date/signature: Form 8‑K filed Aug 6, 2026; signed by Michael L. Bunder.
Why It Matters
- Stock repurchases can reduce share count and potentially support per‑share metrics (like EPS) and the share price; regular ASX disclosures give investors timely transparency into actual buyback activity.
- The filing does not announce a change to the repurchase authorization — it restates the existing $1 billion program and provides the required ASX reports.
- Investors who track buybacks should review the attached ASX disclosure exhibits and subsequent daily ASX notices to see the company’s actual repurchase activity.