Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: June 3, 2024
Reporting Period: Specific event date (June 3, 2024); 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
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 on dates noted in attached Exhibits 99.1 and 99.2.
- Disclosure of these transactions was made to the Australian Securities Exchange (ASX) as required by daily reporting rules.
Guidance, Outlook, and Risks
Management Commentary:
- Management intends to repurchase shares from time to time under the existing program.
- Forward-looking statements regarding repurchase intent are based on current expectations and are subject to change.
- Actual results may vary 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 dates, share counts, and prices of recent repurchases.
- Verify the remaining authorization balance under the $1 billion repurchase program in the most recent quarterly or annual report.
- Monitor ASX daily disclosures for subsequent repurchase activity.