News Corp Files ASX Buy-Back Notification as Part of $1 Billion Repurchase Program
The media conglomerate submitted regulatory documentation to the Australian Securities Exchange detailing its ongoing share repurchase activity for both Class A and Class B common stock.
ASX Regulatory Compliance Filing
News Corporation (NWSA) filed an 8-K with the Securities and Exchange Commission on August 10, 2026, disclosing its submission of Appendix 3C buy-back notifications to the Australian Securities Exchange. The filing pertains to the company's previously announced stock repurchase program.
Under the repurchase program, News Corporation "is authorized to acquire from time to time up to $1 billion in the aggregate of the Company's outstanding shares of Class A common stock and Class B common stock" (8-K filing, 2026-08-10). The company operates a dual-class share structure, with both classes traded publicly.
Australian Exchange Requirements
The filing explains that "under the rules of the Australian Securities Exchange (the 'ASX'), 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, 2026-08-10). This requirement stems from News Corporation's cross-listing status, as the company maintains listings on both U.S. and Australian exchanges.
The Appendix 3C form is a standardized ASX document used for buy-back notifications. According to the filing, "a daily buy-back notification must be submitted for these types of buy-backs at least half an hour before the commencement of trading on the business day after any day on which securities are bought back" (8-K filing, 2026-08-10).
Forward-Looking Statements and Disclosure
News Corporation included standard forward-looking statement disclosures in the filing, noting that the attached exhibits "contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995" (8-K filing, 2026-08-10). These statements encompass "the Company's intent to repurchase, from time to time, the Company's Class A common stock and Class B common stock" (8-K filing, 2026-08-10).
The company cautioned that actual results may differ materially from expectations due to various 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, 2026-08-10).
Context and Upcoming Events
With a market capitalization of approximately $16 billion, News Corporation's $1 billion authorization represents roughly 6% of its current valuation. The company's stock last closed at $29.8315.
According to MarginX data, News Corporation has declared a $0.10 cash dividend with a payment date of September 9, 2026. The company is expected to report first-quarter fiscal 2027 results on November 5, 2026.
Recent insider activity includes stock awards to executives Ruth Allen (23,620 shares), Robert J. Thomson (444,341 shares), and David B. Pitofsky (77,959 shares), according to MarginX data.
The filing also noted that News Corporation discloses information about the repurchase program "in the Company's quarterly and annual reports" (8-K filing, 2026-08-10), providing investors with regular updates on capital allocation activities.
This article was generated by MarginX from the 8-K filing on 2026-08-10. It is not investment advice.