Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: February 11, 2022
Reporting Period: This filing reports on specific events occurring on or before February 11, 2022, regarding the Company's stock repurchase activities.
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 related to share repurchases.
Material Changes and Events
- 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.
- Regulatory Disclosure: The filing discloses transactions made pursuant to the Repurchase Program as required by the Australian Securities Exchange (ASX).
- Exhibits: Copies of information provided to the ASX regarding these transactions 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 expectations and are not guaranteed.
Risks and Uncertainties: Actual results may vary materially due to:
- Changes in the market price of the Company's stock.
- General market conditions.
- Applicable securities laws.
- Alternative investment opportunities.
Disclaimer: The Company disclaims any obligation to update these forward-looking statements to reflect subsequent events or circumstances, except as required by law.
Investor Verification Checklist
- Review Exhibit 99.1 and 99.2 for specific details on the number of shares repurchased and the dates of transactions.
- Verify the remaining authorization amount under the $1 billion repurchase program by comparing total repurchases to the initial authorization.
- Check subsequent filings for updates on the status of the Repurchase Program.