News Corp Outlines Daily Update on US$1 Billion Share Repurchase Program

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

News Corporation has reported a daily update on its previously authorised 2025 Repurchase Program covering its Nasdaq-listed Class A and Class B common stock, with no repurchases of ASX-listed CHESS Depositary Interests planned under this initiative. The company is permitted to buy back up to an aggregate of US$1 billion of these U.S.-listed shares, providing it with flexibility to manage its capital structure and potentially enhance shareholder value without altering the CDI float on the ASX.

The buy-back relates to a class of securities comprising 142,083,315 Class B shares on issue, though the program’s limit is expressed in dollar terms rather than a fixed share count. By structuring the repurchase around market conditions and stock price, News Corporation retains discretion over the timing and mix of Class A and Class B buy-backs, which may influence liquidity and ownership dynamics in its U.S. listings while leaving ASX-listed investors’ holdings unaffected by direct repurchases.

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 securities include Nasdaq-listed Class A and Class B common stock and ASX-listed CHESS Depositary Interests. The firm operates in the broader news, publishing and digital media industry, and its capital management strategy affects both U.S.-listed shares and Australian-listed CDIs.

Average Trading Volume: 227,013

Technical Sentiment Signal: Hold

Current Market Cap: A$20.1B

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