News Corp Completes $1B Buyback Program, Begins New $1B Repurchase
Summary
News Corp announced the completion of its 2021 $1 billion stock repurchase program and the commencement of its 2025 $1 billion program, with nearly the full amount remaining for future repurchases.
Key Events
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Completion of 2021 Buyback Program
News Corp has completed its $1 billion stock repurchase program authorized in 2021, having acquired approximately $1 billion worth of Class A and Class B shares.
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Commencement of 2025 Buyback Program
The company has begun its new $1 billion stock repurchase program authorized in 2025, with approximately $999.68 million remaining for future repurchases.
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Daily Repurchase Activity
On January 21, 2026, News Corp repurchased a total of 100,475 shares (70,004 Class A and 30,471 Class B) for a combined consideration of approximately $2.75 million.
Analysis
This 8-K provides a significant update on News Corp's capital allocation strategy. The completion of the 2021 $1 billion repurchase program demonstrates the company's commitment to enhancing shareholder value through share reduction. The immediate commencement of the 2025 $1 billion program, with nearly the full amount remaining for future repurchases, signals that the company intends to continue actively repurchasing its shares. This ongoing and substantial buyback activity is a positive indicator for investors, suggesting management believes the stock is undervalued and aims to reduce share count, potentially boosting earnings per share.
At the time of this filing, NWSA was trading at $26.13 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $15.5B. The 52-week trading range was $23.38 to $31.61. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.