News Corp: discloses activity under $1,000,000,000 repurchase program

What happened

• News Corp filed an 8-K on Oct 21, 2026 reporting information it provided to the Australian Securities Exchange (ASX) relating to its stock repurchase program.
• The filing states the Company is authorized to acquire, from time to time, up to $1,000,000,000 in the aggregate of its outstanding shares of Class A common stock and Class B common stock.
• The filing attaches as Exhibit 99.1 and Exhibit 99.2 copies of the information provided to the ASX on the respective dates noted therein and includes forward-looking statement language.

Key details

• Repurchase program authorization: up to $1,000,000,000 aggregate of Class A and Class B common stock.
• ASX disclosure requirement: Company must provide daily disclosure of transactions pursuant to the Repurchase Program, if any.
• Exhibits: Exhibit 99.1 and Exhibit 99.2 are copies of the ASX disclosures; the report was signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel and Corporate Secretary.
• The attached information contains "forward-looking statements" and states the company does not undertake any obligation to update those statements except as required by law.

Why it may matter

• The filing reports Item 8.01 Other events: disclosures about transactions and information provided to the ASX under News Corp's share repurchase program and includes the Company’s forward-looking statement caution.
• A filing does not show why the insider traded or why the company acted.