News Corp reported routine daily notices to the Australian Securities Exchange about its existing share-repurchase program. The program permits the company to buy back up to $1 billion of its Class A and Class B shares in total; this announcement does not change that authorization.
- The company says it provides the ASX with daily information on repurchase activity, if any, and also reports on the program in its quarterly and annual reports.
- The attached notices contain the relevant daily information, but the transaction details—including any shares purchased, prices paid and dates—are not included in the material provided here.
- News Corp says its intention to make future repurchases may change with its share price, market conditions, securities-law requirements and other investment opportunities.
What it means: This is an update on the existing buyback, not a new capital-allocation plan or an increase in the program’s $1 billion limit. The announcement alone does not establish whether shares were bought back on the dates covered by the attached notices.