News Corporation Repurchases Over 16,000 Shares of Class A and Class B Common Stock

News Corp has repurchased over 11,000 of its Class A common stock and over 5,000 of its Class B common stock. The company operates in various segments, including Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, and The News Media.

New York, July 15, 2025 - News Corp (NASDAQ: NWS, NWSA; ASX: NWS; NWSLV) has authorized a new $1 billion stock repurchase program, which will be executed in addition to the existing $1 billion program authorized in September 2021, of which $303 million remains outstanding. This decision comes as part of the company's ongoing efforts to enhance shareholder value and capitalize on current market conditions.

The new repurchase program, announced by the company's Board of Directors, will enable News Corp to buy back shares of its Class A common stock and Class B common stock, subject to market conditions and the market price of the company's stock. The program has no time limit and can be modified, suspended, or discontinued at any time. The company intends to begin executing share repurchases at an accelerated rate following the fiscal 2025 fourth quarter earnings release in early August.

News Corp's Chief Executive, Robert Thomson, stated, "We believe our stock is trading at a significant discount to its intrinsic value, so we are launching a new $1 billion buyback program. We also expect to increase meaningfully and materially the pace of repurchases from the current daily rate." This move reflects the company's confidence in its financial health and future growth prospects.

The new repurchase program aligns with News Corp's strategic focus on digital transformation, recurring revenues, and high-margin content licensing deals. Over the past four years, the company has delivered its most profitable years, with continued strong performance through the third quarter of fiscal 2025. This transformation has been driven by a focus on core growth pillars, including Dow Jones, Digital Real Estate Services, and Book Publishing.

The decision to authorize the new stock repurchase program follows a period of significant transformation for News Corp. The company has thrived in a rapidly changing environment by focusing on digital and recurring revenues, new high-margin content licensing deals, and streamlining its asset base through strategic investments and divestments. For example, the recent sale of Foxtel Group to DAZN has further strengthened the company's financial position.

The stock repurchase program is subject to various factors, including market conditions, the market price of the company's stock, and regulatory considerations. News Corp has emphasized that the program is designed to enhance shareholder value and reflect the company's belief in its financial health and growth potential.

References:
[1] https://investors.newscorp.com/news-releases/news-release-details/news-corp-authorizes-new-1-billion-stock-repurchase-program-and
[2] https://www.nasdaq.com/articles/news-corp-authorizes-1-bln-stock-repurchase-program
[3] https://www.ainvest.com/news/alphabet-class-ai-innovations-stock-prospects-2507-51/
[4] https://www.morningstar.com/news/business-wire/20250715455955/news-corp-authorizes-new-1-billion-stock-repurchase-program-and-intends-to-accelerate-pace-of-buyback