Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: June 12, 2024
Reporting Period: Specific event date (June 12, 2024); not a periodic financial report.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate actions regarding share repurchases.
Material Changes
Stock Repurchase Program Activity:
- The Company is executing its authorized stock repurchase program, which allows for the acquisition of up to $1 billion in aggregate of Class A and Class B common stock.
- Transactions were reported to the Australian Securities Exchange (ASX) on the dates noted in the attached exhibits (Exhibit 99.1 and Exhibit 99.2).
- Specific share counts, prices, or total dollar amounts repurchased in this specific filing are not detailed in the text provided; they are contained within the referenced exhibits.
Guidance, Outlook, and Risks
Management Commentary and Forward-Looking Statements:
- The filing includes forward-looking statements regarding the Company's intent to repurchase shares from time to time.
- These statements are based on current expectations and are subject to uncertainty.
- 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 Exhibit 99.1 and Exhibit 99.2 for specific details on the number of shares repurchased, average price per share, and total cost of transactions reported to the ASX.
- Verify the remaining authorization balance under the $1 billion repurchase program by comparing recent activity against the total authorized amount.
- Check subsequent filings for updates on the repurchase program status, as the Company does not undertake an obligation to update forward-looking statements in this report.