Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: August 9, 2022
Reporting Period: Specific event date (August 9, 2022)
This filing reports on the Company's ongoing stock repurchase program and provides disclosures required by the Australian Securities Exchange (ASX) regarding recent transactions.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. This document is a current report regarding a specific corporate action rather than a periodic financial statement.
Stock Repurchase Program: The Company is authorized to acquire up to $1 billion in the aggregate of its outstanding Class A and Class B common stock.
Material Changes
Stock Repurchases: The Company executed transactions under its Repurchase Program on the dates noted in the attached exhibits (Exhibit 99.1 and Exhibit 99.2). Specific share counts and prices for these transactions are contained within the exhibits and are not detailed in the main body of this text.
Guidance, Outlook, and Risks
Management Commentary: The Company intends to repurchase shares from time to time. These statements are based on current expectations and are subject to change.
Risks and Uncertainties: Actual results may vary materially due to:
- Changes in the market price of the Company's stock.
- General market conditions.
- Applicable securities laws.
- Alternative investment opportunities.
Forward-Looking Statements: The Company disclaims any obligation to update these statements to reflect subsequent events or circumstances, except as required by law.
Investor Verification Checklist
- Review Exhibit 99.1 and Exhibit 99.2 for specific details on the number of shares repurchased and the price paid per share.
- Verify the remaining authorization amount under the $1 billion repurchase program.
- Check subsequent filings for updates on the Repurchase Program status.
- Confirm compliance with ASX daily disclosure requirements as referenced in the filing.