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News Corp has provided a strategic update on its $1 billion share repurchase program, targeting both Class A and Class B common stock. The company confirmed it has repurchased approximately $203.1 million worth of shares to date as part of its ongoing 2025 fiscal initiative. Managed by Goldman Sachs & Co. LLC, the program is designed to enhance shareholder value by systematically reducing the total number of outstanding shares. This capital allocation strategy signals management's confidence in the company's underlying value and long-term financial health. Investors typically view such buybacks as a positive catalyst for earnings per share (EPS) growth. The execution of the remaining authorization will continue based on market conditions and corporate liquidity.
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