This is a routine progress notice, not a new capital-allocation decision. News Corp is continuing its previously authorized 2025 Repurchase Program, which allows up to $1 billion of Class A and Class B stock purchases and explicitly excludes ASX-listed CDIs. 〔0〕
| Measure | Filing figure |
|---|---|
| Shares bought before August 19, 2026 | 5,140,578 |
| Consideration paid before August 19, 2026 | US$149.77 million |
| Shares bought on August 19, 2026 | 25,457 |
| Consideration paid on August 19, 2026 | US$854,802.78 |
| Cumulative repurchases under program | Approximately US$433.70 million |
| Remaining authorization, implied | Approximately US$566.30 million |
The latest activity was modest relative to the authorization. The company spent about $855,000 on August 19, adding only 25,457 shares to the program. The filing says, “To date, the company has purchased approximately US$433,701,908 worth of Class A and Class B shares (based on total consideration paid) under the 2025 Repurchase Program.” 〔1〕
Versus expectations, there is no clean beat-or-miss to claim. No external consensus or new repurchase target is provided, and daily buyback notifications are expected once an ongoing program is active. The information is therefore largely priced in: it confirms continued execution and leaves roughly $566 million of authorization, but does not materially change the standing picture. The company states the purpose is “To enhance shareholder value,” but that is boilerplate rather than incremental evidence of a changed strategy.
Read the original 8-K on SEC EDGAR ↗