Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: March 29, 2022
Reporting Period: Specific event date (March 29, 2022); 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 and Events
- 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.
- Regulatory Disclosure: The filing discloses transactions made pursuant to the Repurchase Program as required by the Australian Securities Exchange (ASX).
- Exhibits: Copies of information provided to the ASX are attached as Exhibit 99.1 and Exhibit 99.2.
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 market price, general market conditions, applicable securities laws, and alternative investment opportunities. The Company disclaims any obligation to update forward-looking statements except as required by law.
Investor Verification Checklist
- Review Exhibits 99.1 and 99.2 for specific details on the volume and price of shares repurchased on the dates noted therein.
- Verify the remaining authorization balance under the $1 billion repurchase program in the most recent quarterly or annual report.
- Monitor subsequent filings for updates on the execution of the Repurchase Program.