8-KFiled Aug 11, 8:00 PM ET
News Corp Announces Stock Repurchase Program ASX Disclosures
$NWSA · NEWS CORPResearch Summary
AI-generated summary of this SEC filing
News Corp Announces Stock Repurchase Program ASX Disclosures
What Happened
- News Corporation (NWSA) filed an 8-K on August 12, 2026 reporting information it provided to the Australian Securities Exchange (ASX) about 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. The filing attaches copies of the ASX disclosures as Exhibit 99.1 and Exhibit 99.2 and was signed by Michael L. Bunder, Senior VP and Corporate Secretary.
Key Details
- Authorized repurchase amount: up to $1 billion aggregate of Class A and Class B common stock.
- ASX requirement: Company must provide daily disclosure to the ASX of any transactions under the repurchase program.
- Filing date: August 12, 2026; Exhibits 99.1 and 99.2 are the exact ASX notices referenced.
- Disclosure includes forward‑looking statements and a standard disclaimer that the company does not undertake an obligation to update them except as required by law.
Why It Matters
- The repurchase program is a capital-allocation tool that, if used, can reduce shares outstanding and potentially support earnings per share. Daily ASX disclosures improve transparency for investors about any buyback activity.
- This filing reports the company’s disclosures to the ASX; it does not announce an increase to the $1 billion authorization or provide specific transaction amounts in the 8-K itself. Investors should watch ASX notices or future SEC filings for details on actual repurchases.