8-KAccepted Sep 28, 7:51 PM ET
News Corp Files 8-K: Discloses Daily ASX Updates for $1B Share Buyback
Accepted (ET)
7:51 PM
Sep 28, 2026
Filed
Sep 29, 2026
Documents
15
Size
396.4 KB
Summary
News Corp Files 8-K: Discloses Daily ASX Updates for $1B Share Buyback
What Happened News Corporation (NWSA) filed an 8-K on September 29, 2026, reporting disclosures made to the Australian Securities Exchange (ASX) under its existing stock repurchase program. The company reiterated that it is authorized to buy up to $1 billion aggregate of its Class A and Class B common stock and attached copies of the information provided to the ASX as Exhibit 99.1 and Exhibit 99.2. The filing also includes the company’s standard forward-looking statement caution about intent to repurchase shares "from time to time."
Key Details
- Authorized repurchase amount: up to $1.0 billion in the aggregate of Class A and Class B common stock.
- ASX requirement: the company provides daily disclosure to the ASX of any transactions under the repurchase program.
- Exhibits: information provided to the ASX is attached as Exhibit 99.1 and Exhibit 99.2 to the 8-K.
- Filing date and signature: Form 8-K filed September 29, 2026; signed by Michael L. Bunder, Senior VP, Deputy General Counsel & Corporate Secretary.
Why It Matters A $1 billion repurchase authorization is material because share buybacks can reduce outstanding shares and potentially support earnings per share and share price if the company executes purchases. This 8-K does not report actual repurchase amounts on those dates; it documents the company’s ASX disclosures and reiterates management’s intent and the associated forward-looking statement warnings. Investors should look for subsequent filings or ASX disclosures for details on actual purchases and timing.