News Corporation Announces $1 Billion Share Buyback Program for Class A and B Common Stock

News Corporation Announces $1 Billion Stock Buyback Program

SYDNEY, Australia – In a strategic move to bolster shareholder value, News Corporation (ASX: AU:NWS) has announced an update to its 2025 Repurchase Program, authorizing the buyback of up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This initiative, which excludes the repurchase of ASX-listed CHESS Depositary Interests, aims to enhance capital management flexibility and signal confidence in the company’s financial health.

The buyback will be executed over time in the open market or through other means, with no minimum number of securities mandated for repurchase. This categorization as an “other” type of repurchase reflects the company’s non-Australian structure, allowing it to return cash to shareholders while maintaining its ASX-listed CDI float.

Analysts have responded positively to the announcement, with the latest rating for News Corporation stock being a Buy, and a price target set at A$50.00. This reflects a strong belief in the company’s potential for growth and profitability.

News Corporation is a diversified global media and information services company, with operations that span news publishing, digital media, and related content businesses. Its shares are traded in multiple markets, including Nasdaq in the U.S. and as CHESS Depositary Interests on the ASX, catering to a broad international investor base.

With an average trading volume of 255,601 and a current market cap of A$21.44 billion, the company is well-positioned to navigate the complexities of the media landscape while delivering value to its shareholders.

For more detailed insights and forecasts on News Corporation’s stock, visit the TipRanks Stock Forecast page.

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