News Corporation 8-K Report: $1B Stock Repurchase Plan & Key Insights

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

1. Filing Type and Date:

• Form: 8-K
• Date of Report: March 16, 2023

2. Company Information:

• Name: News Corporation
• State of Incorporation: Delaware
• Commission File Number: 001-35769
• IRS Employer Identification No.: 46-2950970
• Address: 1211 Avenue of the Americas, New York, New York 10036
• Telephone Number: (212) 416-3400

3. Stock Repurchase Program:

• The Company is authorized to repurchase up to $1 billion worth of its outstanding shares of Class A and Class B common stock.
• The Company is required to disclose transactions related to this program to the Australian Securities Exchange (ASX) on a daily basis.
• Information regarding the repurchase program will also be included in the Company's quarterly and annual reports.

4. Forward-Looking Statements:

• The report includes forward-looking statements regarding the Company's intent to repurchase shares. These statements are based on current expectations and are subject to change due to various factors, including market conditions and stock price fluctuations.

5. Exhibits:

• Two exhibits attached to the report (99.1 and 99.2) detail information provided to the ASX on specific dates, which include forward-looking statements.
• Exhibit 99.1: Information for Class A common stock.
• Exhibit 99.2: Information for Class B common stock.

6. Signatures:

• The report was signed by Michael L. Bunder, who holds the position of Senior Vice President, Deputy General Counsel, and Corporate Secretary.
• Date of Signature: March 17, 2023.

This report highlights important corporate actions, compliance obligations, and future expectations that could impact investors and market perception.