Business Context and Reporting Period
Company: News Corporation (News Corp)
Filing Type: Form 8-K (Current Report)
Date of Report: July 21, 2022
Reporting Period: Specific event date (July 21, 2022); not a periodic financial report.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on corporate actions regarding share repurchases.
Material Changes and Events
- Stock Repurchase Program: The Company reported ongoing activity under 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.
- Regulatory Disclosure: The filing serves to disclose information previously provided to the Australian Securities Exchange (ASX) regarding daily transactions under the Repurchase Program, as required by ASX rules.
- Exhibits: Copies of the ASX disclosures are attached as Exhibit 99.1 and Exhibit 99.2.
Guidance, Outlook, and Risks
Management Commentary: 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.
Risks and Uncertainties: 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 these forward-looking statements except as required by law.
Investor Verification Checklist
- Verify the specific volume and price of shares repurchased in the attached ASX disclosures (Exhibits 99.1 and 99.2).
- Confirm the remaining authorization balance under the $1 billion repurchase program.
- Review the Company's most recent quarterly or annual report for comprehensive financial performance data not included in this 8-K.