Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: May 8, 2024
Reporting Period: Specific event date (May 8, 2024)
This filing reports on the Company's ongoing stock repurchase program and provides required disclosures to 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 metrics. The document focuses exclusively on corporate actions regarding share repurchases.
Material Changes
Stock Repurchase Program:
- The Company is authorized to acquire up to $1 billion in aggregate of its outstanding Class A and Class B common stock.
- Transactions under this program are disclosed daily to the ASX as required by ASX rules.
- Exhibits 99.1 and 99.2 attached to this filing contain specific transaction details provided to the ASX on the respective dates noted therein.
Guidance, Outlook, and Risks
Forward-Looking Statements:
- The attached exhibits contain forward-looking statements regarding the Company's intent to repurchase shares from time to time.
- These statements are based on management's current expectations and are subject to uncertainty.
Risks and Contingencies:
- Actual results may vary materially due to changes in market price, general market conditions, applicable securities laws, and alternative investment opportunities.
- The Company disclaims any obligation to update forward-looking statements to reflect subsequent events, except as required by law.
Investor Verification Checklist
- Review Exhibits 99.1 and 99.2 for specific details on the number of shares repurchased and the dates of transactions.
- Verify the remaining authorization balance under the $1 billion repurchase program in the Company's most recent quarterly or annual report.
- Monitor ASX daily disclosures for ongoing repurchase activity not detailed in this specific 8-K.