Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: November 26, 2021
Reporting Period: Specific event date of November 26, 2021, with signature dated November 29, 2021.
This filing reports on the Company's ongoing stock repurchase program and provides disclosures required by the Australian Securities Exchange (ASX).
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The only financial figure disclosed relates to capital allocation:
- Stock Repurchase Authorization: Up to $1 billion in aggregate for Class A and Class B common stock.
Material Changes
The filing does not report material changes to financial performance or operations compared to prior periods. It serves as a routine disclosure of transactions executed under the existing Repurchase Program as required by ASX rules.
Guidance, Outlook, and Risks
Management Commentary: The Company intends to repurchase shares from time to time under the authorized program. Specific transaction details are provided in attached Exhibits 99.1 and 99.2.
Risks and Uncertainties: The filing includes forward-looking statements regarding repurchase intent. Management notes that actual results may vary due to:
- Changes in the market price of the Company's stock.
- General market conditions.
- Applicable securities laws.
- Alternative investment opportunities.
The Company disclaims any obligation to update these forward-looking statements.
Investor Verification Checklist
- Review Exhibits 99.1 and 99.2 for specific dates and volumes of shares repurchased.
- Verify the remaining balance of the $1 billion repurchase authorization in the most recent quarterly or annual report.
- Check for any concurrent filings regarding changes in the Repurchase Program terms.