News Corp Outlines US$1 Billion Nasdaq Share Buyback Program

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

News Corporation has disclosed details of a previously authorized repurchase program allowing the company to buy back up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. The program applies to a total class size of 366,490,917 securities and gives the company flexibility to execute purchases in the open market or through other avenues, subject to market conditions and stock price.

The company clarified that no ASX-listed CHESS Depositary Interests will be repurchased under this program, underscoring that the initiative is focused on its U.S.-listed equity. The buyback framework signals continued capital management efforts that could support earnings per share and shareholder returns, while leaving the timing and pace of repurchases dependent on broader market and company-specific factors.

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 with dual listings in the U.S. and on the ASX, issuing both Class A and Class B common stock and related CDIs. The company operates across news, publishing, and digital media assets, with its shares also traded on Nasdaq, reflecting a diversified investor base across international markets.

Average Trading Volume: 241,917

Technical Sentiment Signal: Hold

Current Market Cap: A$20.18B

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