News Corporation Announces Updates on $1 Billion Stock Repurchase Program
March 13, 2025 – News Corporation (Nasdaq: NWSA, NWS) has provided an update regarding its ongoing stock repurchase program, reaffirming its authorization to repurchase up to $1 billion in Class A and Class B common stock.
Key Highlights:
The repurchase program remains active and will continue on an opportunistic basis, depending on market conditions, alternative investments, and other corporate considerations.
Under Australian Securities Exchange (ASX) regulations, News Corp is required to disclose daily repurchase transactions to the ASX.
The company also includes quarterly and annual reports detailing repurchase activities.
Forward-Looking Considerations:
News Corp notes that repurchases are subject to factors such as:
Market price fluctuations of its stock
Overall market conditions
Regulatory requirements and corporate priorities
Alternative investment opportunities
While the company remains committed to enhancing shareholder value, it does not guarantee a specific timeline or volume of repurchases.
2025-03-17
Comments
Share your comments