Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: December 30, 2021
Reporting Period: The filing reports on stock repurchase activities occurring on or before December 30, 2021, with the report signed on January 3, 2022.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, 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 Australian Securities Exchange (ASX) as required by ASX rules.
- Specific transaction details for the reporting period are contained in attached Exhibits 99.1 and 99.2, which are not included in the text of this filing.
Guidance, Outlook, and Risks
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 management 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
- Verify the specific volume and price of shares repurchased by reviewing Exhibits 99.1 and 99.2 referenced in the filing.
- Confirm the remaining authorization balance under the $1 billion repurchase program.
- Review the Company's quarterly and annual reports for broader financial context regarding liquidity and capital allocation.