News Corp Repurchases $197.9M in Shares

By Ahmed Jamerson • Tuesday, June 16 16:04 • Permanent Link

News Corp said it repurchased 76,679 shares on June 15 for $1.96 million, bringing the total bought back under its 2025 repurchase program to 7,890,455 shares for $197.9 million.

The company said the program authorizes repurchases of up to $1 billion of its Nasdaq-listed Class A and Class B common stock. Based on the total consideration paid so far, it has used about 30.8% of that authorization, leaving roughly $692.2 million available.

On the day, the company’s highest purchase price was $25.82 a share and the lowest was $25.29. Across the full program to date, the highest price paid was $27.60 on June 10, while the lowest was $22.20 on Feb. 9.

News Corp said the buyback is intended to enhance shareholder value and that no ASX-listed CDIs will be repurchased. The market has reacted to these announcements by moving the company's shares 0.2% to a price of $25.75. For the full picture, make sure to review NEWS CORP's 8-K report.

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