Business Context and Reporting Period
This Form 8-K Current Report was filed by News Corporation on November 24, 2021. The filing addresses "Other Events" related to the Company's ongoing stock repurchase program and includes disclosures made to the Australian Securities Exchange (ASX).
Key Financial Metrics
The filing does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The only financial figure disclosed is the aggregate authorization for the stock repurchase program, which is up to $1 billion for Class A and Class B common stock.
Material Changes
The report discloses daily transactions executed under the Repurchase Program as required by ASX rules. Specific details regarding the volume or value of shares repurchased on the dates noted in the attached exhibits are not contained within the text of this summary filing.
Guidance, Outlook, and Risks
Management reaffirms its intent to repurchase shares from time to time under the authorized program. The filing includes standard forward-looking statement disclaimers, noting that actual results may vary due to market price fluctuations, general market conditions, securities laws, and alternative investment opportunities. The Company explicitly disclaims any obligation to update these forward-looking statements.
Investor Verification Checklist
- Review Exhibit 99.1 and Exhibit 99.2 for specific dates and volumes of shares repurchased.
- Verify the remaining balance of the $1 billion repurchase authorization in the most recent quarterly or annual report.
- Check for any concurrent filings with the SEC regarding the specific transaction details referenced in the ASX disclosures.