Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: November 16, 2021
Reporting Period: Event-based report regarding stock repurchase activities.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on capital allocation activities under the Company's stock repurchase program.
- Repurchase Authorization: Up to $1 billion in aggregate for Class A and Class B common stock.
- Reporting Requirement: Daily disclosure of transactions to the Australian Securities Exchange (ASX) as required by ASX rules.
Material Changes
The filing discloses ongoing transactions under the existing Repurchase Program. Specific transaction volumes, prices, or dates for the repurchases are contained in attached Exhibits 99.1 and 99.2 and are not detailed within the body of this text. No material changes to the program's authorization limit are reported in this document.
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 uncertainty.
Risks and Contingencies: 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 dates, share counts, and prices of recent repurchases.
- Verify the remaining balance of the $1 billion repurchase authorization in the most recent quarterly (10-Q) or annual (10-K) report.
- Monitor ASX daily disclosures for real-time updates on repurchase activity.