News Corp Clarifies Scope of US$1 Billion 2025 Share Repurchase Program

News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an update.

News Corporation has updated its previously announced share repurchase initiative, focusing on its Nasdaq-listed Class A and Class B common stock rather than its ASX-listed CHESS Depository Interests. The buy-back relates specifically to the Class B common stock CDIs on the ASX, of which 142,111,965 are on issue, clarifying that these ASX-listed CDIs will not be repurchased under the current program.

Under the 2025 Repurchase Program, the company is authorized to repurchase up to an aggregate of US$1 billion of its Class A and Class B common stock in the open market or otherwise, subject to market conditions and other factors. The move underscores News Corp’s continued use of capital management via buy-backs to return value to shareholders and potentially optimize its capital structure across its dual U.S. and Australian listings.

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 company whose securities trade on the ASX under the code NWS, with its common stock Class B represented by CHESS Depository Interests. The firm is listed on Nasdaq as well, where its Class A and Class B common stock are the primary instruments for its capital markets activity and shareholder return programs.

Average Trading Volume: 159,707

Technical Sentiment Signal: Hold

Current Market Cap: A$18.86B

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