News Corp Details Progress of US$1 Billion Share Repurchase Program

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

News Corporation has notified the ASX of a daily buy-back activity under its previously authorised 2025 Repurchase Program, targeting its Nasdaq-listed Class A common stock, which corresponds to ASX security code NWSAA. The program permits the company to repurchase up to an aggregate of US$1 billion in Class A and Class B common shares, with 366,937,658 securities currently on issue in the relevant class.

The company plans to execute these repurchases from time to time on the open market or through other means, while explicitly excluding ASX-listed CHESS Depositary Interests from the buy-back. This capital management initiative is likely aimed at optimising the company’s balance sheet and could be supportive of earnings per share and shareholder value, although the pace and scale of purchases will depend on market conditions and stock price levels.

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 publishing company whose shares trade on Nasdaq and are also represented as CHESS Depositary Interests on the ASX. The company’s capital structure includes Class A and Class B common stock, reflecting differentiated voting rights common in media and technology firms.

Average Trading Volume: 228,865

Technical Sentiment Signal: Hold

Current Market Cap: A$19.86B

Learn more about NWS stock on TipRanks’ Stock Analysis page.