$NWSA·8-K

NEWS CORP · Mar 18, 5:50 PM ET

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NEWS CORP 8-K

Research Summary

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Updated

News Corp Files 8-K: Updates Stock Repurchase Disclosures

What Happened

  • News Corporation (NWSA) filed a Form 8-K on March 19, 2026, attaching copies (Exhibits 99.1 and 99.2) of information it provided to the Australian Securities Exchange (ASX) about its stock repurchase program.
  • The company reiterated that it is authorized to buy up to $1.0 billion aggregate of its Class A and Class B common stock and stated management’s intent to repurchase shares "from time to time." The filings include forward-looking statements and customary disclaimers. The 8-K was signed by Michael L. Bunder, Senior VP and Corporate Secretary.

Key Details

  • Authorized repurchase amount: up to $1.0 billion aggregate of Class A and Class B common stock.
  • Filing date: March 19, 2026; Exhibits 99.1 and 99.2 are the ASX disclosures provided on the dates shown in those exhibits.
  • ASX requirement: the company must provide daily disclosure to the ASX of any transactions under the repurchase program.
  • The disclosures contain forward-looking statements and note factors (e.g., market price, market conditions, securities laws) that could affect actual repurchases.

Why It Matters

  • A share repurchase program can reduce outstanding shares and potentially support per-share metrics and share price if repurchases occur; the $1B authorization shows available capacity for buybacks.
  • This 8-K does not announce specific repurchase transactions or commitments—rather it provides the ASX disclosures and reiterates the company's intent and reporting practices. Investors should watch the daily ASX reports (and future SEC filings) for any actual repurchase activity.

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