8-KAccepted Aug 27, 7:56 PM ET
News Corporation Files 8-K on $1B Stock Repurchase Disclosures to ASX
Accepted (ET)
7:56 PM
Aug 27, 2026
Filed
Aug 28, 2026
Documents
15
Size
396.4 KB
Summary
News Corporation Files 8-K on $1B Stock Repurchase Disclosures to ASX
What Happened
- News Corporation (NWSA) filed an 8-K on August 28, 2026, reporting information provided to the Australian Securities Exchange (ASX) about the company's ongoing stock repurchase program.
- The company is authorized to repurchase up to $1 billion of its Class A and Class B common stock and disclosed copies of the ASX notices as Exhibits 99.1 and 99.2. The filing reiterates that those notices include forward-looking statements and that the company is not undertaking an obligation to update them.
Key Details
- Authorized repurchase amount: up to $1 billion aggregate for Class A and Class B common stock.
- Regulatory requirement: News Corp provides daily disclosure to the ASX of any transactions under the repurchase program.
- Exhibits: Copies of the information provided to the ASX are attached as Exhibit 99.1 and Exhibit 99.2.
- Filing date and signature: 8-K filed August 28, 2026; signed by Michael L. Bunder, Senior VP, Deputy General Counsel and Corporate Secretary.
Why It Matters
- A $1 billion buyback authorization can reduce share count and potentially support the stock price if repurchases occur, which is important to investors watching capital allocation.
- The filing does not commit to specific repurchase amounts or timing; actual repurchases depend on market conditions, securities laws and management discretion.
- Daily ASX disclosures increase transparency about any repurchase activity, giving investors more frequent visibility into buyback execution.