News Corp repurchases nearly 13 million shares in latest buyback

News Corp has disclosed the purchase of 12,982,941 shares of its Class A common stock in a daily notification to the Australian Securities Exchange. The company paid a total consideration of US$341,251,595.07 for these securities, which were bought back on October 8, 2026. This transaction is part of the company's ongoing repurchase program authorized as of July 15, 2025.

The repurchase program allows News Corp to buy back up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. The company stated that it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the stock price. The notification specifies that no ASX-listed CDIs will be repurchased under these programs.

In addition to the primary Class A purchases, the filing reports the acquisition of 62,323 additional securities for a total consideration of US$1,799,009.49. For the Class A shares, the highest price paid was US$31.58 on August 27, 2026, while the lowest price was US$22.20 on February 9, 2026. The notification also lists Goldman Sachs & Co. LLC as the broker involved in the buyback process.

News Corp cited the desire to enhance shareholder value as the reason for the buyback. The company noted that the buyback does not require security holder approval and there are no restrictions on foreign participation. The total number of securities on issue in the class subject to the buyback is recorded as 358,831,617. The daily notification was submitted on October 9, 2026, following the trading activity of the previous business day.