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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an announcement.
News Corporation has cancelled 223,259 of its Class B common stock (ASX: NWSAB) following completion of a buy-back transaction, as disclosed in an Appendix 3H notification to the ASX dated 22 March 2026. The reduction in Class B shares on issue may marginally enhance earnings per share and ownership concentration for remaining shareholders, and reflects ongoing capital management by the company.
The cessation of these securities, effective 20 March 2026, indicates a completed step in News Corporation’s buy-back program and a tightening of its capital base. While the scale of the cancellation is modest relative to the company’s overall market capitalisation, it underlines management’s willingness to return capital or adjust its equity structure in response to strategic and market considerations.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$42.00 price target. To see the full list of analyst forecasts on News Corporation Shs B Chess Depository Interests repr 1 Sh stock, see the AU:NWS Stock Forecast page.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation is a global media and information services company whose businesses span news and information publishing, digital real estate services, book publishing, and subscription video services. Its Class B common stock trades on the ASX under the issuer code NWS, giving investors exposure to its diversified media operations and international footprint.
Average Trading Volume: 233,896
Technical Sentiment Signal: Hold
Current Market Cap: A$19.88B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.