Business Context and Reporting Period
Company: News Corporation (NEWS CORP)
Filing Type: Form 8-K (Current Report)
Date of Report: January 19, 2022
Reporting Period: Specific event date of January 19, 2022
This filing reports on the Company's ongoing stock repurchase program and provides disclosures required by the Australian Securities Exchange (ASX).
Key Financial Metrics
This filing does not contain periodic financial statements (e.g., revenue, profit, cash flow, or margins). The only financial metric disclosed is related to capital allocation:
- Stock Repurchase Authorization: Up to $1 billion in aggregate for Class A and Class B common stock.
Debt, liquidity, and operating performance metrics are not provided in this document.
Material Changes
No material changes to financial performance or operations are reported in this filing. The document serves to disclose daily transaction details under the Repurchase Program as required by ASX rules, referencing attached exhibits (99.1 and 99.2) for specific transaction data.
Guidance, Outlook, and Risks
Management Commentary: The Company intends to repurchase shares from time to time under the authorized program. Specific timing and volume depend on market conditions.
Risks and Contingencies: The filing includes forward-looking statements regarding the intent to repurchase stock. These are subject to uncertainty and may vary materially due to:
- Changes in the market price of the Company's stock.
- General market conditions.
- Applicable securities laws.
- Alternative investment opportunities.
The Company disclaims any obligation to update these forward-looking statements.
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 balance of the $1 billion repurchase authorization.
- Review the Company's most recent quarterly or annual report for comprehensive financial performance data not included in this 8-K.