Executive Brief

  • News Corporation filed an 8-K on September 26, 2025, disclosing ongoing stock repurchase activities under authorized programs totaling up to $1 billion (Item 8.01).
  • The Company provides daily disclosure of repurchase transactions to the Australian Securities Exchange (ASX) as required by ASX rules (Item 8.01).
  • Attached Exhibits 99.1 and 99.2 contain the detailed daily buy-back notifications submitted to the ASX on respective dates (Item 9.01).
  • The repurchase programs cover both Class A and Class B common stock (Item 8.01).
  • Forward-looking statements are included regarding intent to repurchase shares, subject to market conditions and other risks (Item 8.01).
  • No new material terms or changes to the repurchase programs were disclosed; this filing reiterates previously reported programs (Item 8.01).
  • No financial results, officer changes, or other material events were reported.
  • The filing confirms compliance with ASX disclosure rules and ongoing transparency about share repurchases.
  • No impact on financial guidance or capital structure was quantified.
  • Next steps: continuous daily disclosures to ASX as repurchases occur; no specific deadlines or approvals noted.

Item-by-Item Analysis

Item 8.01 – Other Events

  • What happened: News Corporation reaffirmed its stock repurchase programs authorizing up to $1 billion aggregate repurchases of Class A and Class B common stock.
  • Parties/terms: The Company repurchases shares from the market under programs previously authorized; no new terms disclosed.
  • Conditions/closing: Daily disclosure of repurchase transactions to ASX is mandatory under ASX rules.
  • Forward-looking statements: The Company’s intent to repurchase shares is subject to market price, conditions, securities laws, and alternative investments.
  • New vs. previously announced: This is a reiteration of previously reported repurchase programs.
  • Source: (Item 8.01, entire section)

Item 9.01 – Financial Statements and Exhibits

  • Exhibits 99.1 and 99.2: Copies of daily buy-back notifications provided to the ASX on the respective dates.
  • No financial statements or pro forma data included.
  • Source: (Item 9.01), (Exhibits 99.1, 99.2)

Exhibits Summary

  • Exhibit 99.1: Daily buy-back notification to ASX, including entity details (News Corporation), registration number (ARBN 163882933), ASX issuer code (NWS), and confirmation that this is a daily buy-back notification.
  • Exhibit 99.2: Similar daily buy-back notification for another date.
  • No new economic terms or program amendments disclosed in exhibits.

Financial & Dilution Impact

  • Unknown specific repurchase amounts or share counts from this filing.
  • Aggregate repurchase authorization remains $1 billion.
  • No changes to leverage, cash flows, or dilution quantified here.

Timeline & Required Actions

  • Ongoing daily disclosures to ASX as repurchases occur.
  • No new approvals or milestones disclosed.

Risks & Monitoring

  • Risks include market price fluctuations, regulatory compliance, and alternative investment opportunities affecting repurchase activity.
  • Forward-looking statements caution that actual repurchases may differ materially.
  • No material adverse conditions or termination triggers disclosed.

Metadata & Quality Checks

  • No OCR or parsing issues noted.
  • Forward-looking statements present (Item 8.01).
  • No conflicts or related-party transactions disclosed.

Final Checklist

  • Items disclosed: 8.01, 9.01
  • Exhibits included: 99.1, 99.2, 104 (XBRL cover page)
  • No financial statements or officer changes reported.
  • No new material definitive agreements or amendments.
  • Disclosure consistent with ongoing compliance and transparency obligations.

Summary

This 8-K filing by News Corporation primarily serves to update and confirm ongoing stock repurchase activities under existing programs, with daily transaction disclosures to the ASX. It contains no new material terms or financial impacts but includes forward-looking statements about repurchase intentions subject to market and regulatory conditions. Investors should monitor future daily disclosures for actual repurchase volumes and any changes to program authorizations.

Original Filing