Business Context and Reporting Period
Company: News Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: February 4, 2016
Context: This filing reports on transactions under the Company's stock repurchase program, specifically disclosing information required by the Australian Securities Exchange (ASX).
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figure disclosed relates to the authorization limit of the stock repurchase program:
- Repurchase Authorization: Up to $500 million of Class A common stock.
Material Changes
The filing discloses that the Company is required to provide daily disclosure to the ASX regarding transactions made under the Repurchase Program. The specific volume or value of shares repurchased on the date of this report is not detailed in the text of the 8-K but is referenced as being contained in Exhibit 99.1.
Guidance, Outlook, and Risks
Management Commentary: The Company continues to execute its stock repurchase program, acquiring shares from time to time.
Risks and Contingencies: No new risks or contingencies are disclosed in this specific filing.
Unusual Items: None reported.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific details of the share repurchase transactions reported to the ASX on the date noted.
- Verify the remaining balance of the $500 million repurchase authorization in subsequent quarterly or annual reports.
- Confirm the impact of these repurchases on the total number of outstanding Class A shares.