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StocksUpdated×3•Originally published 19 April 2026•Updated 21 April 2026•

1 min read

News Corp Authorizes Massive $1 Billion Share Buy-back Program

Jeff Bezos in a suit, surrounded by airplanes, satellites, data visualizations, and electronic devices on an orange background.

Key Facts

1News Corporation cancelled 201,601 ASX-listed Class B shares following a buy-back.

2The cancellation became effective on April 17, 2026, as part of a capital management strategy.

3An analyst set a price target of A$50.00 for AU:NWS with a 'Buy' rating.

about 1 month ago

Version History

Version 3about 1 month ago

What changed: The total capital utilized for the buy-back program was updated from $194 million to $197.5 million, and Goldman Sachs was identified as the executing broker.

Version 2about 1 month ago

What changed: Updated with specific execution data showing approximately $194 million of the $1 billion authorization has been used to repurchase over 7.6 million shares.

Version 1about 1 month ago

What changed: Updated the story to include the new US$1 billion buy-back authorization for Nasdaq-listed shares and the exclusion of Australian CDIs.

News Corporation has provided an update on its 2025 capital management strategy, authorizing the repurchase of up to US$1 billion in Nasdaq-listed Class A and Class B common stock. The total expenditure on the share repurchase program has now increased to approximately US$197.5 million, with transactions executed through Goldman Sachs & Co. LLC. This substantial execution aims to consolidate shareholder value and drive growth in earnings per share (EPS) by reducing market supply. Analysts maintain a 'Buy' rating for AU:NWS with a price target of A$50.00, viewing the progress as a sign of disciplined capital allocation. This initiative underscores the company's ongoing commitment to returning capital to investors and optimizing its global balance sheet. The partnership with Goldman Sachs highlights the professional execution of this large-scale buy-back mandate.