News Corp Files Daily Notification on $1 Billion Share Buyback Program
The media conglomerate disclosed routine ASX filings related to its ongoing stock repurchase authorization covering both Class A and Class B common shares.
News Corp Maintains Buyback Disclosure
News Corporation filed an 8-K with the Securities and Exchange Commission on August 7, 2026, disclosing routine notifications to the Australian Securities Exchange regarding its ongoing share repurchase program. The filing reflects the company's dual-listing compliance obligations as it executes buybacks across both its Class A and Class B common stock.
The media conglomerate, with a market capitalization of approximately $16 billion, operates under a board-authorized repurchase program that permits the company "to acquire from time to time up to $1 billion in the aggregate" of its outstanding shares (8-K filing, 2026-08-07). The program covers both classes of the company's common stock.
ASX Compliance Requirements
As a company listed on both U.S. and Australian exchanges, News Corp faces dual reporting obligations. The filing notes that "under the rules of the Australian Securities Exchange, the Company is required to provide to the ASX, on a daily basis, disclosure of transactions pursuant to the Repurchase Program, if any" (8-K filing, 2026-08-07).
The August 7 filing attached ASX Appendix 3C forms as Exhibits 99.1 and 99.2, which represent the standardized buyback notification templates required by Australian listing rules. These daily notifications must be submitted "at least half an hour before the commencement of trading on the business day after any day on which securities are bought back" under ASX listing rule 3.8A (8-K filing, 2026-08-07).
Forward-Looking Disclaimers
The filing includes standard forward-looking statement disclaimers, noting that the information "contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995" (8-K filing, 2026-08-07). These statements relate to the company's intent to repurchase shares from time to time.
News Corp cautioned that actual results may differ materially based on factors including "changes in the market price of the Company's stock, general market conditions, applicable securities laws and alternative investment opportunities" (8-K filing, 2026-08-07). The company explicitly stated it does not undertake any obligation to update forward-looking statements except as required by law.
Context and Upcoming Milestones
According to MarginX data, News Corp stock last traded at $29.8315. The company has a cash dividend of $0.10 scheduled for September 9, 2026, and is expected to report first-quarter fiscal 2027 results on November 5, 2026.
Recent insider activity shows awards to several executives, including 444,341 shares to Robert J. Thomson, 77,959 shares to David B. Pitofsky, and 23,620 shares to Ruth Allen, according to MarginX data.
The filing also notes that the company "discloses information concerning the Repurchase Program in the Company's quarterly and annual reports" (8-K filing, 2026-08-07), providing shareholders with regular updates beyond the daily ASX notifications.
This article was generated by MarginX from the 8-K filing on 2026-08-07. It is not investment advice.