News Corp Details US$1 Billion Share Repurchase Plan, Excluding ASX CDIs

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

News Corporation has launched a buy-back program covering its Nasdaq-listed Class A and Class B common stock, with authorization to repurchase up to an aggregate of US$1 billion under its 2025 Repurchase Program. The company will execute repurchases in the open market or otherwise, subject to market conditions, share price, and other factors, but explicitly will not buy back any ASX-listed CHESS Depositary Interests in connection with this program.

The buy-back applies to a class that includes more than 141 million Class B shares on issue, giving News Corp flexibility to adjust its capital structure and potentially enhance earnings per share. The program underscores the company’s ongoing capital management strategy and may signal management’s confidence in the firm’s valuation, while leaving the structure of its ASX-listed CDIs unchanged for existing holders.

The most recent analyst rating on (AU:NWS) stock is a Buy with a A$44.00 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 group whose shares trade on Nasdaq and as CHESS Depositary Interests on the ASX. The company operates through various news, information, and content businesses, with separate classes of common stock, including Class A and Class B shares, reflecting different voting and ownership structures.

Average Trading Volume: 245,097

Technical Sentiment Signal: Hold

Current Market Cap: A$20.6B

For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.