News Corporation 8-K Report: $1 Billion Stock Repurchase Program Revealed

Here are the key points extracted from the provided financial report section:

1. Filing Information:

• Form Type: 8-K (Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934)
• Date of Report: February 17, 2022
• Registrant: News Corporation
• State of Incorporation: Delaware
• Commission File Number: 001-35769
• IRS Employer Identification Number: 46-2950970
• Principal Executive Office Address: 1211 Avenue of the Americas, New York, NY 10036

2. Stock Repurchase Program:

• The company has a stock repurchase program authorized to acquire up to $1 billion in the aggregate of its outstanding shares of Class A and Class B common stock.
• Compliance with the Australian Securities Exchange (ASX) requires daily disclosures of transactions under this repurchase program.

3. Forward-Looking Statements:

• The report contains forward-looking statements regarding the intent to repurchase shares, subject to uncertainties and market conditions.
• Actual results may differ due to changes in stock prices, market conditions, and other risks outlined in the company's SEC filings.

4. Exhibits:

• Two exhibits are attached:
• • Exhibit 99.1: Information provided to the ASX (Class A shares).
  • Exhibit 99.2: Information provided to the ASX (Class B shares).

5. Emerging Growth Company Status:

• The report inquires if the registrant is an emerging growth company as defined by specific SEC regulations, but does not indicate if they are.

6. Signatory:

• The report is signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel, and Corporate Secretary.
• Date of signature: February 18, 2022.

This section outlines important corporate actions and regulatory compliance related to stock repurchases, while also highlighting future risks that could impact the company's financial decisions.