News Corporation's $1 Billion Stock Repurchase Plan - Form 8-K Report

Here is the key information extracted from the provided financial report section:

General Information:

• Company Name: News Corporation
• Report Type: Form 8-K (Current Report)
• Date of Report: October 15, 2024
• SEC File Number: 001-35769
• State of Incorporation: Delaware
• IRS Employer Identification Number: 46-2950970
• Principal Executive Office Address: 1211 Avenue of the Americas, New York, New York 10036
• Contact Phone Number: (212) 416-3400

Key Events and Insights:

• Stock Repurchase Program:
• News Corporation is authorized to repurchase up to $1 billion of its outstanding shares, which includes Class A and Class B common stock.
• The company is required to disclose transactions related to this program on a daily basis to the Australian Securities Exchange (ASX), and also in quarterly and annual reports.

Forward-Looking Statements:

• The report includes forward-looking statements regarding the company's intent to repurchase its shares. These statements are based on management's current expectations and beliefs, which are subject to change based on market conditions, stock price variations, and other factors.

Exhibits Provided:

• The report attaches two exhibits (99.1 and 99.2) that contain information provided to the ASX on specific dates related to the repurchase program.

Signature:

• The report is signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel, and Corporate Secretary, dated October 16, 2024.

Summary:

This Form 8-K filing primarily discusses News Corporation's stock repurchase program, its obligations under securities law, and provides additional disclosures pertinent to its operations and financial condition. The company's proactive approach to repurchasing shares indicates confidence in its valuation and aims to enhance shareholder value.