News Corporation Announces $1 Billion Share Repurchase Program for Class A and B Stocks

News Corporation Announces $1 Billion Stock Repurchase Program

SYDNEY, Australia — In a strategic move aimed at enhancing shareholder value, News Corporation (AU:NWS) has announced an update to its 2025 Repurchase Program, confirming plans to buy back up to $1 billion of its Nasdaq-listed Class A and Class B common stock. This initiative is expected to bolster earnings per share and provide greater flexibility in capital management.

The buy-back, categorized as an ‘other buy-back’ due to the company’s non-Australian structure, will be executed intermittently in the open market. Notably, the program will exclude any ASX-listed Chess Depository Interests (CDIs), marking a clear distinction in the company’s capital actions between its U.S. and Australian listings.

With 364,533,165 securities currently on issue, this repurchase program is a significant step for News Corporation, which operates a diverse portfolio across news, publishing, and digital real estate assets. The company aims to enhance liquidity and valuation dynamics, particularly in its dual-listed environment.

Analysts have responded positively to the announcement, with the latest rating for AU:NWS stock being a “Buy” and a price target set at A$50.00. Investors can find a comprehensive list of analyst forecasts on the TipRanks Stock Forecast page.

As a global media and information services powerhouse, News Corporation continues to focus on delivering quality news content, digital media, and subscription-based services to its audience. The company’s current market capitalization stands at A$21.44 billion, with an average trading volume of 255,601 shares.

For more insights and data on News Corporation’s stock performance, visit TipRanks’ Stock Analysis page.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a financial advisor for investment decisions.