Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: September 11, 2024
Reporting Period: Specific event date (September 11, 2024); not a periodic financial report.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate actions regarding share repurchases.
Material Changes
Stock Repurchase Program Activity:
- The Company disclosed daily transactions made under its authorized stock repurchase program to the Australian Securities Exchange (ASX).
- The Repurchase Program authorizes the acquisition of up to $1 billion in aggregate of Class A and Class B common stock.
- Specific transaction volumes and prices for the reporting date are contained in attached Exhibits 99.1 and 99.2, which are not detailed in the main text of this filing.
Guidance, Outlook, and Risks
Management Commentary:
- Management intends to repurchase shares from time to time based on current expectations.
- Actual results may vary due to market price changes, general market conditions, securities laws, and alternative investment opportunities.
- The filing includes forward-looking statements regarding repurchase intent.
- The Company disclaims any obligation to update these statements to reflect subsequent events or circumstances, except as required by law.
Investor Verification Checklist
- Review Exhibits 99.1 and 99.2 for specific share counts and prices repurchased on the dates noted therein.
- Verify the remaining authorization balance under the $1 billion repurchase program in the most recent quarterly or annual report.
- Monitor subsequent 8-K filings for further repurchase activity disclosures required by the ASX.