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StocksMedium•31 March 2026•

1 min read

News Corp Launches $1 Billion Share Repurchase Program to Boost Shareholder Value

Key Facts

1News Corp announced details of a US$1 billion share repurchase program.

2The program targets Nasdaq-listed Class A and Class B common stock, explicitly excluding ASX-listed CDIs.

3The initiative aims to enhance per-share metrics and provide capital management flexibility.

News Corp has unveiled details of a new share repurchase program authorized for up to $1 billion, specifically targeting Nasdaq-listed Class A and Class B common stock. To maintain transparency, the company is now providing daily Appendix 3C notifications to the Australian Securities Exchange (ASX) detailing its repurchase activity. These daily disclosures include specific data points such as share counts, total cash paid, and the price ranges for the repurchased shares. While the program aims to optimize capital structure and enhance financial metrics, it explicitly excludes Chess Depositary Interests (CDIs) listed on the ASX. Management clarified that future repurchases remain contingent upon prevailing market conditions, legal factors, and alternative strategic uses of capital. This initiative underscores News Corp's commitment to disciplined capital allocation and its confidence in the company's long-term valuation and earnings per share (EPS) growth.

7 days ago

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Version History

2 additional sources confirmed this story

Version 17 days ago

What changed: The story was updated to include the company's new daily disclosure procedures via the ASX and the specific reporting metrics being shared with the public.