In a recent filing with the Securities and Exchange Commission, News Corp (NASDAQ:NWSA) disclosed the ongoing execution of its stock repurchase program, which authorizes the company to buy back up to $1 billion worth of its Class A and Class B common stock.
The announcement, dated January 14, 2025, outlines the company's commitment to the repurchase program and provides the latest information on its progress.
The filing indicates that News Corp, the global media and information services company, is actively pursuing the buyback of its shares as part of its capital allocation strategy. The repurchase program is disclosed on a daily basis to the Australian Securities Exchange (ASX), in accordance with regulatory requirements, and is also reported in the company's quarterly and annual filings.
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