News Corporation has filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC), dated February 26, 2025. The key points from this filing are:
News Corporation is authorized to repurchase up to $1 billion of its Class A and Class B common stock under its stock repurchase program. As required by the Australian Securities Exchange (ASX), the company provides daily disclosures of repurchase transactions, if any. Details of these repurchases are also included in the company’s quarterly and annual reports.
The report includes forward-looking statements regarding future stock repurchases. These statements are based on current management expectations but may vary due to factors like market conditions, stock price fluctuations, legal or regulatory changes, and alternative investment opportunities. The company does not commit to updating these forward-looking statements unless legally required.
Exhibits included in the filing are Exhibit 99.1 and Exhibit 99.2, which contain information provided to the Australian Securities Exchange regarding stock repurchases, and Exhibit 104, a cover page interactive data file in XBRL format.
The filing is signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel, and Corporate Secretary.
This update primarily concerns stock repurchases and regulatory disclosures rather than any operational or strategic shifts within the company.
2025-02-27
Comments
Share your comments