News Corporation Reports $1B Stock Repurchase Plan in Form 8-K Filing

Here are the key insights extracted from the provided section of the financial report related to News Corporation:

1. Filing Details:

• Form: The report is a Form 8-K, which is used to report unscheduled material events or corporate changes.
• Date of Report: December 17, 2021.

2. Company Information:

• Name: News Corporation
• Incorporation: Delaware
• Commission File Number: 001-35769
• IRS Employer Identification Number: 46-2950970
• Address: 1211 Avenue of the Americas, New York, New York 10036
• Phone Number: (212) 416-3400

3. Stock Repurchase Program:

• Authorization: The Company is authorized to repurchase up to $1 billion in aggregate of its Class A and Class B common stock.
• Compliance: Under ASX rules, the Company must report daily transactions related to the repurchase program.
• Disclosure: Information about the repurchase program is included in quarterly and annual reports.

4. Forward-Looking Statements:

• The report contains forward-looking statements regarding the Company's intent to repurchase shares, highlighting that these are subject to uncertainties and changes in circumstances.

5. Exhibits:

• Exhibit 99.1: Contains information provided to the Australian Securities Exchange (ASX) regarding Class A shares.
• Exhibit 99.2: Contains information provided to the ASX regarding Class B shares.

6. Emerging Growth Company Status:

• The registrant has not indicated that it is an emerging growth company.

7. Signatures:

• Signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel, and Corporate Secretary on December 20, 2021.

These points summarize the critical financial and operational information regarding the stock repurchase program and corporate governance as reported by News Corporation.