8-KAccepted Sep 28, 7:42 AM ET
News Corp Reports Daily ASX Disclosures for $1B Stock Buyback
Accepted (ET)
7:42 AM
Sep 28, 2026
Filed
Sep 28, 2026
Documents
15
Size
397.5 KB
Summary
News Corp Reports Daily ASX Disclosures for $1B Stock Buyback
What Happened
- News Corporation (NWSA) filed an 8‑K on September 28, 2026, reporting disclosures related to its ongoing stock repurchase program.
- The company reiterated that it is authorized to buy up to $1.0 billion in the aggregate of its Class A and Class B common stock under the Repurchase Program and must provide daily disclosure of any transactions to the Australian Securities Exchange (ASX).
- The filing includes copies of the information provided to the ASX on the dates shown (Exhibits 99.1 and 99.2) and includes the company’s standard forward‑looking statements disclaimer.
Key Details
- Filing date: September 28, 2026 (Form 8‑K, Item 8.01 Other Events).
- Repurchase Program authorization: up to $1.0 billion aggregate of Class A and Class B common stock.
- ASX requirement: daily disclosure of any repurchase transactions; the company attached the ASX notices (Exhibits 99.1 and 99.2).
- Forward‑looking statements: the filing warns such statements are based on current expectations and are subject to change; no obligation to update except as required by law.
Why It Matters
- This filing provides transparency about News Corp’s buyback program and confirms the company’s ASX reporting practice, which lets investors track any repurchase activity on a daily basis.
- The $1.0 billion authorization is a material capital‑allocation tool; actual repurchases (if and when executed) will be reported separately and could affect shares outstanding and related per‑share metrics.
- Investors should monitor subsequent ASX/SEC disclosures for any actual transaction details and amounts repurchased.