News Corp Advances $1 Billion Buyback, Spending $426 Million to Date
The media conglomerate has repurchased 10.8 million shares under its 2025 program, with approximately $574 million remaining in authorized capacity.
Buyback Program Progresses Past 40% Completion
News Corporation disclosed continued share repurchases under its $1 billion authorization program in dual 8-K filings dated August 17, 2026, covering both Class A and Class B common stock transactions. The company has now deployed approximately $425.9 million of the program's total capacity since its authorization on July 15, 2025 (8-K filing, 2026-08-17).
The filings represent daily buy-back notifications to the Australian Securities Exchange, where News Corp maintains a secondary listing alongside its primary Nasdaq listing.
Recent Transaction Activity
On August 14, 2026, News Corp repurchased 58,482 shares of Class A common stock at prices ranging from $28.87 to $29.25 per share, for total consideration of $1.70 million (8-K filing, 2026-08-17). This brought cumulative Class A repurchases to 10,783,668 shares for $276.14 million since program inception.
The company has executed buybacks across a wide price range, with the lowest Class A purchase at $22.20 on February 9, 2026, and the highest at $30.79 on August 6, 2026 (8-K filing, 2026-08-17). The company's stock closed at $30.4983 on the most recent trading day, near the upper end of this range.
Separate filings addressed Class B common stock, though specific transaction volumes for that class were not detailed in the primary notification. The company disclosed 359,278,622 Class A shares outstanding and 142,662,870 Class B shares outstanding as of the filing date (8-K filing, 2026-08-17).
Program Structure and Execution
Goldman Sachs & Co. LLC is serving as the broker executing the repurchases on News Corp's behalf (8-K filing, 2026-08-17). The company characterized the program as "other buy-back" under Australian securities rules, noting that transactions occur on Nasdaq and that no ASX-listed Chess Depositary Interests (CDIs) will be repurchased.
The stated rationale for the buyback is "to enhance shareholder value" (8-K filing, 2026-08-17). The program operates "subject to market conditions and the market price of the Company's stock, as well as other factors," with purchases occurring "from time to time, in the open market or otherwise" (8-K filing, 2026-08-17).
No shareholder approval was required for the program, and no restrictions apply to foreign participation (8-K filing, 2026-08-17).
Corporate Calendar Context
According to MarginX data, News Corp is scheduled to pay a $0.10 cash dividend on September 9, 2026, and is expected to report first-quarter fiscal 2027 results on November 5, 2026. Recent insider activity includes award grants to executives Ruth Allen (23,620 shares), Robert J. Thomson (444,341 shares), and David B. Pitofsky (77,959 shares).
With approximately $574 million remaining in authorization capacity, News Corp maintains significant flexibility to continue repurchases through the balance of the program period, though the company has not disclosed a specific completion timeline.
This article was generated by MarginX from the 8-K filing on 2026-08-17. It is not investment advice.