Executive Brief

  • News Corporation filed an 8-K on September 24, 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 specified 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 announced programs (Item 8.01).
  • No financial statements or other Items such as director changes, delisting notices, or financial obligations were reported.
  • The filing confirms compliance with ASX disclosure rules and SEC reporting requirements.
  • No specific repurchase amounts or transaction details are disclosed in the 8-K body; details are in the Exhibits.
  • Investors should monitor ongoing repurchase activity and market conditions impacting share buybacks.

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 is authorized to repurchase shares from time to time under existing programs; no new terms disclosed.
  • Conditions/closing: Daily disclosure of repurchase transactions to the ASX is required and ongoing.
  • Forward-looking statements: The Company’s intent to repurchase shares is subject to market price, conditions, securities laws, and investment opportunities.
  • New vs. previously announced: This is a reiteration of previously reported repurchase programs, not new information.
  • Source: (Item 8.01, entire section)

Item 9.01 – Financial Statements and Exhibits

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

Exhibits Summary

  • Exhibit 99.1: Daily buy-back notification to ASX including entity details, registration numbers, and confirmation of daily reporting.
  • Exhibit 99.2: Additional daily buy-back notification to ASX on a different date.
  • Both exhibits confirm compliance with ASX Rule 3.8A and Appendix 3C notification requirements.
  • No new financial or strategic details beyond daily repurchase reporting.

Financial & Dilution Impact

  • Unknown specific repurchase amounts or shares bought on the reported dates; aggregate program limit is $1 billion.
  • No impact on debt or other financial obligations disclosed.
  • Potential dilution reduction from repurchases but no quantified share count changes provided.

Timeline & Required Actions

  • Ongoing repurchase program with daily ASX disclosures.
  • No new approvals or closing conditions reported.
  • Future disclosures expected as repurchases occur.

Risks & Monitoring

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

Metadata & Quality Checks

  • No OCR or parsing issues noted.
  • Forward-looking statements present (Item 8.01).
  • No conflicts or related-party transactions disclosed.
  • Non-GAAP financial measures not referenced.

Final Checklist

  • Items disclosed: 8.01, 9.01
  • Exhibits included: 99.1, 99.2, 104 (XBRL cover page)
  • No other Items present.
  • Filing date: September 24, 2025
  • Earliest event date: September 23, 2025

Summary

This 8-K filing by News Corporation primarily serves to provide regulatory disclosure of ongoing stock repurchase activity under existing authorized programs, with daily transaction reporting to the ASX. No new material terms or financial impacts are disclosed beyond reaffirming the $1 billion aggregate repurchase authorization. Investors should note the forward-looking statements and monitor future repurchase disclosures for potential impact on share count and capital allocation.

Original Filing