News Corporation Stock Repurchase Program Report - December 2023 Insights

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

1. Company Information:

• Name: News Corporation
• 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
• Phone Number: (212) 416-3400

2. Filing Type:

• This is a Form 8-K filing, indicating a current report under Section 13 or 15(d) of The Securities Exchange Act of 1934.

3. Date of Report: December 5, 2023.
4. Stock Repurchase Program:

• The Company is authorized to repurchase up to $1 billion in aggregate of its outstanding shares of Class A and Class B common stock.
• The Company is required to disclose transactions under the Repurchase Program to the Australian Securities Exchange (ASX) on a daily basis and in quarterly and annual reports.

5. Forward-Looking Statements:

• The report includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to the Company's intent regarding stock repurchases and are subject to uncertainties, including market price fluctuations and other external factors.

6. Exhibits Attached:

• Exhibit 99.1: Information provided to the ASX regarding Class A common stock transactions.
• Exhibit 99.2: Information provided to the ASX regarding Class B common stock transactions.

7. Signatory:

• The report is signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel and Corporate Secretary, dated December 6, 2023.

8. Emerging Growth Company Status:

• The report indicates that the registrant is not an emerging growth company.

These insights highlight the key aspects of News Corporation's recent activities, specifically related to its stock repurchase program and compliance with regulatory requirements. The forward-looking statements indicate the company's strategic intentions while also acknowledging market risks.