The market already knew the buyback was active. This is a daily notification under the existing 2025 Repurchase Program, not a new authorization or change in strategy. The program permits up to $1 billion of Nasdaq-listed Class A and Class B repurchases. 〔0〕
News Corp bought a modest $2.58 million on September 8. The company repurchased 58,482 Class A shares for $1.74 million and 25,457 Class B shares for $0.84 million, or 83,939 shares in total (Daily buy-back notification; Part 4.3–4.4).
| Measure | Class A | Class B | Combined |
|---|---|---|---|
| Shares repurchased on September 8 | 58,482 | 25,457 | 83,939 |
| Consideration paid | $1.74M | $0.84M | $2.58M |
| Cumulative program spending | — | — | $465.89M |
| Authorization | — | — | $1.00B |
| Approximate authorization remaining | — | — | $534.11M |
Execution is roughly halfway complete, not accelerated. Cumulative spending has reached approximately $465.9 million, leaving about $534.1 million—or 53.4%—of the authorization available. 〔1〕
Net read: routine and neutral versus expectations. The filing confirms continued execution of a previously disclosed program, with no expansion, acceleration, new financing, or change to the authorization. It is a capital-allocation data point, but not a fresh surprise.
Read the original 8-K on SEC EDGAR ↗