News Corp Details Progress on US$1 Billion U.S. Share Buy-Back Program

An update from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.

News Corporation has notified the ASX of activity under its previously authorised 2025 Repurchase Program, which allows for the buy-back of up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. The company reported that 141,863,388 Class B shares are on issue in the relevant class and confirmed that no ASX-listed CHESS Depositary Interests will be repurchased under this program, signalling a capital management focus directed primarily at its U.S.-listed equity.

The buy-back will be executed from time to time in the open market or otherwise, subject to market conditions, the company’s share price and other factors. This approach provides management with flexibility to return capital to shareholders and potentially support earnings per share, while leaving the ASX CDI structure unchanged for Australian investors.

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 with a portfolio of newspapers, digital media, and related content businesses. Its equity is listed in multiple markets, including Nasdaq and ASX, with separate Class A and Class B common stock structures serving a broad base of international investors.

Average Trading Volume: 228,865

Technical Sentiment Signal: Hold

Current Market Cap: A$19.86B

For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.