News Corporation Reports Latest Share Buyback Transactions Under $1 Billion Repurchase Plan in ASX Filing

Overview of News Corporation’s $1 Billion Stock Repurchase Program

News Corporation’s share repurchase initiative permits the company to acquire up to $1 billion in aggregate of its outstanding Class A and Class B common stock over time. The program encompasses both share classes, reflecting the company’s dual-class capital structure, with Class A shares trading under ticker NWSA and Class B shares under NWS on the Nasdaq Global Select Market. This buyback plan represents a significant capital allocation decision by News Corporation’s board and executive management.

Large-scale repurchase programs like this are commonly employed by major corporations to return capital to shareholders, potentially reduce outstanding share count, and demonstrate management’s confidence in the company’s intrinsic value. The current filing does not disclose cumulative repurchased shares or remaining authorization value; such aggregate data is available in News Corporation’s quarterly and annual reports as noted in the filing.

ASX Disclosure Requirements Prompt This Update

This disclosure is driven by News Corporation’s obligations under Australian Securities Exchange rules, which require daily reporting of any repurchase transactions under the program. Given News Corporation’s significant presence and investor base in Australia, compliance with ASX regulations supplements its U.S. reporting duties.

The July 15, 2026 report includes Exhibit 99.1 and Exhibit 99.2 containing the detailed transaction data submitted to the ASX for the dates referenced. The main filing text does not reproduce specific transaction details such as share quantities or prices paid; these are exclusively contained within the attached exhibits, consistent with the company’s routine approach to ASX-driven disclosures. Thus, the July 14, 2026 transaction specifics reside solely in the exhibits.

Buyback Program Covers Both Class A and Class B Common Shares

News Corporation’s repurchase authorization applies to both Class A common stock (ticker NWSA), which carries limited voting rights, and Class B common stock (ticker NWS), which carries full voting rights. Both classes are listed on the Nasdaq Global Select Market and have a par value of $0.01 per share. The combined $1 billion authorization across both classes provides the company flexibility to repurchase shares from either class based on market conditions.

The dual-class share structure is typical among media companies with founding family influence, reflecting governance preferences of controlling shareholders. By including both classes in the buyback authorization, News Corporation’s board retains discretion to allocate repurchase capital according to relative pricing or strategic considerations. The filing does not specify any allocation or preference between Class A and Class B shares for the July 14, 2026 transactions.

Forward-Looking Statements and Risks Related to Repurchase Activity

The filing highlights that the attached ASX disclosures contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Statements regarding the intent to repurchase Class A and Class B shares are forward-looking and subject to risks and uncertainties.

Factors that could cause actual repurchase activity to differ materially include fluctuations in News Corporation’s stock price, market conditions, applicable securities laws, alternative investment opportunities, and other risks detailed in prior regulatory filings. The company states these forward-looking statements are made as of the report date and disclaims any obligation to update them publicly except as required by law.

Dual-Listed Status Results in Layered Disclosure Protocols

News Corporation’s listings in both the U.S. and Australia create a layered compliance environment. While U.S. investors receive disclosures via Securities and Exchange Commission filings, Australian investors access corresponding information through ASX regulatory frameworks. The company uses current reports to synchronize information dissemination across both markets, attaching ASX-submitted materials as exhibits to ensure simultaneous availability to all investors.

This dual-market disclosure approach supports equitable transparency, allowing investors on both exchanges to access identical information. Such transparency is particularly important for share repurchase programs, which can materially affect stock supply and demand dynamics.

Quarterly and Annual Filings Provide Comprehensive Buyback Data

Although the daily ASX disclosures offer detailed transaction-level data, News Corporation’s quarterly and annual reports remain the primary sources for cumulative buyback statistics. These periodic filings disclose total shares repurchased, average prices paid, and remaining authorization capacity under the $1 billion program. The current report does not include aggregate figures.

Investors seeking to evaluate the buyback program’s overall progress should consult the company’s latest quarterly or annual filings. The report does not specify the original authorization date or any expiration for the remaining buyback capacity, directing readers to prior and future disclosures for full context.

Report Signed by Senior Vice President and Corporate Secretary

The July 15, 2026 current report was signed by Michael L. Bunder, Senior Vice President, Deputy General Counsel, and Corporate Secretary of News Corporation. The filing date follows the July 14, 2026 repurchase transactions referenced in the attached ASX exhibits, reflecting the typical timeline for preparing and submitting multi-jurisdictional disclosures.

The signatory’s role aligns with standard practice for procedural corporate filings that do not involve financial statements or major corporate events, which generally do not require CEO or CFO sign-off. The filing is categorized under Item 8.01 "Other Events," indicating it is an update related to an ongoing program rather than a new material development. No other executives or directors are named in connection with this report.

Company Overview and Nasdaq Listing Details

Incorporated in Delaware, News Corporation’s principal executive offices are located at 1211 Avenue of the Americas, New York, NY 10036. The company operates as a diversified global media and information services enterprise, with assets including digital real estate services, Australian subscription video services, news and information businesses, and book publishing segments. Its dual-class share structure and cross-listing on U.S. and Australian exchanges reflect its broad international footprint and shareholder base.

As of the filing date, News Corporation is not classified as an emerging growth company under U.S. securities laws, as confirmed within the report. The company’s IRS Employer Identification Number is 46-2950970, and its SEC Commission File Number is 001-35769, verifying its regulatory identity. The immediate market impact of this routine buyback disclosure was not evident from available information, as such updates typically do not trigger immediate share price movements.