News Corporation's $1 Billion Stock Repurchase Plan: Key Insights from 8-K Report

Here are the key pieces of information extracted from the provided financial report:

General Information:

• Company Name: News Corporation
• Form Type: 8-K (Current Report)
• Date of Report: December 18, 2023
• State of Incorporation: Delaware
• Commission File Number: 001-35769
• IRS Employer Identification Number: 46-2950970
• Address: 1211 Avenue of the Americas, New York, New York 10036
• Telephone Number: (212) 416-3400

Stock Repurchase Program:

• Program Authorization: News Corporation is authorized to repurchase up to $1 billion of its outstanding shares of Class A and Class B common stock.
• Compliance: The company must provide daily disclosure of transactions related to the repurchase program to the Australian Securities Exchange (ASX).
• Reporting: Information regarding the repurchase program is included in the company's quarterly and annual reports.

Forward-Looking Statements:

• The report contains forward-looking statements related to the company's intent to repurchase shares. These statements are based on current expectations and beliefs but are subject to various risks and uncertainties that could cause actual results to differ materially.

Exhibits:

• The report includes exhibits (99.1 and 99.2) that provide information shared with the ASX regarding the repurchase program on specified dates.

Signature:

• The report is signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel, and Corporate Secretary of News Corporation, dated December 19, 2023.

Summary:

This report is a formal disclosure of News Corporation's stock repurchase program, detailing its authorization, compliance obligations, and the potential risks associated with forward-looking statements.