News Corporation 8-K Report: $1B Stock Repurchase Program Announced

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

1. Filing Information:

• Form: 8-K (Current Report)
• Date of Report: December 7, 2023
• Company: News Corporation
• State of Incorporation: Delaware

2. Securities Information:

• Commission File Number: 001-35769
• IRS Employer Identification Number: 46-2950970
• Address of Principal Executive Offices: 1211 Avenue of the Americas, New York, NY 10036
• Telephone Number: (212) 416-3400

3. Stock Repurchase Program:

• The Company has a stock repurchase program authorized for up to $1 billion for acquiring outstanding shares of Class A and Class B common stock.
• As per the rules of the Australian Securities Exchange (ASX), the Company commits to daily disclosure of transactions related to the repurchase program.
• Additional details will be provided in quarterly and annual reports.

4. Forward-Looking Statements:

• The report includes forward-looking statements regarding the Company’s intent to repurchase shares, emphasizing that these statements are subject to uncertainty and may vary based on market conditions and other factors.
• The Company does not undertake any obligation to update these statements unless required by law.

5. Exhibits:

• Attached exhibits include information provided to ASX, specifically:
• • Exhibit 99.1: Information related to Class A shares.
  • Exhibit 99.2: Information related to Class B shares.

6. Signature:

• The report was signed by Michael L. Bunder, who is the Senior Vice President, Deputy General Counsel, and Corporate Secretary of News Corporation.

This summary captures the essential aspects of the report, focusing on corporate governance, securities, financial commitments, and disclosures.