News Corp continues share buy-back program

News Corporation (ASX:NWS) released an Appendix 3C notification on December 11, 2025, detailing its ongoing share buy-back program. The company is executing an "Other buy-back" type, described as a repurchase program for its Nasdaq-listed Class A and Class B common stock. This initiative is supported by the 2021 Repurchase Program, which authorized up to an aggregate of $1 billion, and the additional 2025 Repurchase Program, authorizing another $1 billion. The primary reason for this buy-back is to enhance shareholder value. As of the latest notification, no ASX-listed CDIs will be repurchased under these programs.

The company disclosed that as of December 10, 2025, a total of 30,471 Class B common stock securities were bought back on the previous day, bringing the total number of securities bought back to 13,439,458 before this. The total consideration paid for the securities on the previous day was $899,994.50, with a cumulative total consideration of $310,584,453 before the previous day's activity. The highest price paid on the previous day was $29.5396, and the lowest was $29.30.

News Corporation has engaged Goldman Sachs & Co. LLC as the broker for these buy-back activities, which involve cash consideration. The company does not intend to buy back a minimum number of securities but does intend to buy back a maximum number, with the aggregate total remaining at up to $1 billion under both the 2021 and 2025 Repurchase Programs. To date, approximately $922,954,604 worth of Class A and Class B shares have been purchased under the 2021 Repurchase Program. The anticipated date for the buy-back to occur was September 22, 2021.