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News Corp Announces Stock Repurchase Program Update
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business15h ago

News Corp Announces Stock Repurchase Program Update

  • News Corp updates its stock repurchase program, authorizing up to $1 billion in buybacks.
  • The buyback aims to enhance shareholder value as part of the capital return strategy.
  • Goldman Sachs & Co. LLC will facilitate the buyback.
  • About $14.39 million of shares were repurchased to date.
  • The update is linked to News Corp’s ongoing SEC filings.
  • No security holder approval is required for the buyback.
  • The announcement comes after News Corp disclosed the current buybacks in SEC filings.
  • The news was released on January 29, 2026.
  • The program targets both Class A and Class B shares.
  • The move is part of News Corp’s broader strategy to return capital to shareholders.
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