News Corp reiterated that it can repurchase up to $1 billion of its Class A and Class B shares under its existing buyback program. The update includes daily buyback notifications sent to the Australian Securities Exchange, but the transaction details from those notices are not included in the material provided.
- The $1 billion cap applies to purchases of both share classes combined.
- The program allows News Corp to buy shares from time to time; the announcement does not indicate that the company will use the full authorization.
- The material provided does not specify how many shares were repurchased, the amount spent or the prices paid in the reported transactions.
The update does not change the program’s stated size or terms. The available information also does not establish whether News Corp made purchases on the dates covered by the referenced notices.