NEWS CORP current report, 26 January 2022

Full document

Business Context and Reporting Period

Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: January 26, 2022
Reporting Period: This filing reports on specific events occurring on or prior to January 26, 2022, rather than a standard quarterly or annual financial period.

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 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 executed in compliance with Australian Securities Exchange (ASX) rules, requiring daily disclosure of repurchase activity.
  • Details of specific transactions are contained in attached Exhibits 99.1 through 99.4.

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.
  • Management notes that actual results may vary materially due to market price fluctuations, general market conditions, securities laws, and alternative investment opportunities.
  • The Company disclaims any obligation to update these forward-looking statements to reflect subsequent events.
Risks and Contingencies:
  • Execution of the repurchase program is subject to uncertainty and changes in circumstances.

Investor Verification Checklist

  • Verify the specific volume and price of shares repurchased by reviewing Exhibits 99.1, 99.2, 99.3, and 99.4 attached to this filing.
  • Confirm the remaining authorization balance under the $1 billion repurchase program by cross-referencing with the most recent quarterly (10-Q) or annual (10-K) report.
  • Monitor subsequent filings for updates on the execution of the repurchase program, as this 8-K does not provide a commitment to future specific dates or volumes.