Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: July 31, 2024
Reporting Period: This filing reports on specific events occurring as of July 31, 2024, and does not cover a full fiscal quarter or year.
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 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 under this program were disclosed to the Australian Securities Exchange (ASX) on the dates noted in the attached exhibits.
- This filing serves to satisfy disclosure requirements for these specific repurchase transactions.
Guidance, Outlook, and Risks
Management Commentary and Forward-Looking Statements:
- Management intends to repurchase shares from time to time under the existing program.
- 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
- Verify the specific dates and volumes of shares repurchased in the attached Exhibits 99.1 and 99.2.
- Confirm the remaining authorization balance under the $1 billion repurchase program by reviewing the most recent quarterly or annual report.
- Review the Company's latest 10-Q or 10-K for comprehensive financial performance data, as this 8-K does not provide financial metrics.