News Corporation Discloses Share Repurchase Activity to Australian Securities Exchange Under $1 Billion Buyback Program

News Corporation's $1 Billion Stock Repurchase Program: What Has Been Authorized

News Corporation has an active stock repurchase program under which the company's board has authorized the acquisition of up to $1 billion in aggregate of the company's outstanding Class A common stock and Class B common stock. The program allows the company to buy back shares from time to time in the open market or through other permissible means, subject to applicable securities laws and market conditions. The disclosure filed on July 14, 2026, references transactions that were reported to the Australian Securities Exchange on July 13, 2026.

Both classes of News Corporation's common stock are listed on the Nasdaq Global Select Market — Class A common stock trades under the ticker symbol NWSA and carries a par value of $0.01 per share, while Class B common stock trades under NWS and carries the same par value. The dual listing on both Nasdaq and the ASX creates parallel regulatory obligations for the company, including the daily transaction reporting requirement under ASX rules that is the basis for this disclosure.

Australian Securities Exchange Reporting Obligations Driving the Disclosure

Under the rules of the Australian Securities Exchange, News Corporation is required to provide daily disclosure of any transactions executed under its repurchase program. This obligation exists in addition to the company's standard quarterly and annual reporting of buyback activity in its filings with United States regulators. The July 14, 2026, report reflects compliance with that daily ASX reporting requirement and attaches as exhibits the information formally provided to the ASX on the dates noted within each exhibit.

The filing states that Exhibit 99.1 and Exhibit 99.2 contain the information provided to the ASX on the respective dates noted therein. The specific transaction details — including the number of shares repurchased, the prices paid, and the precise dates of execution — are contained within those exhibits rather than disclosed in the body of the report. The company did not disclose aggregate program-to-date repurchase totals or the remaining authorized capacity under the $1 billion program within the body of this particular update.

Scope of the Class A and Class B Share Classes Included in the Buyback

The repurchase program encompasses both of News Corporation's publicly traded share classes. Class A common stock, trading as NWSA, represents the more widely held class available to general investors, while Class B common stock, trading as NWS, carries superior voting rights. The inclusion of both classes in the buyback authorization reflects the company's intent to manage its overall share count across its dual-class capital structure.

News Corporation is incorporated in Delaware and maintains its principal executive offices at 1211 Avenue of the Americas, New York, New York 10036. The company's dual-class structure is a feature common among media conglomerates and has implications for corporate governance and shareholder influence that investors in either class of stock may wish to consider when evaluating the significance of ongoing repurchase activity across both share classes.

Forward-Looking Statements and Repurchase Program Risks Flagged by News Corporation

The disclosure includes a forward-looking statements notice, identifying the company's stated intent to repurchase shares from time to time as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. The company notes that these statements are based on management's current expectations and beliefs, and are subject to uncertainty and changes in circumstances. The filing expressly states that actual results may vary materially from those expressed or implied by such statements.

Among the factors cited that could cause actual repurchase activity to differ materially from stated intentions are changes in the market price of the company's stock, prevailing general market conditions, applicable securities laws, and the availability of alternative investment opportunities. These disclosures serve as a standard legal safeguard, reminding investors that the existence of an authorized repurchase program does not guarantee that the company will repurchase any specific number of shares or deploy any specific portion of the authorized $1 billion. The company also explicitly states it does not undertake any obligation to publicly update its forward-looking statements to reflect subsequent events or circumstances, except as required by law or regulation.

How News Corporation Reports Buyback Activity to Investors Over Time

Beyond the daily ASX disclosures, News Corporation provides broader reporting on its repurchase program through its quarterly and annual reports. These periodic filings typically include cumulative repurchase figures, average prices paid, and remaining authorization under the program, giving investors a more comprehensive view of how aggressively the company has been utilizing the buyback authorization over any given reporting period.

Investors seeking to track the total shares repurchased under the current $1 billion program, or to understand how much of the authorization remains available, may find the most complete picture by reviewing the company's quarterly and annual filings rather than relying solely on the daily ASX transaction reports, which capture individual trading sessions. The company did not disclose cumulative buyback totals or remaining program capacity in this particular update.

Authorization, Signing Authority, and Corporate Governance of the Filing

The report was signed on behalf of News Corporation by Michael L. Bunder, identified as Senior Vice President, Deputy General Counsel and Corporate Secretary. The filing was dated July 14, 2026, and was submitted pursuant to the requirements of the Securities Exchange Act of 1934. The signing reflects that the report was authorized by a duly authorized officer of the company, consistent with standard regulatory requirements for current reports.

News Corporation holds Commission File Number 001-35769 and IRS Employer Identification Number 46-2950970. The company is incorporated under the laws of the State of Delaware, a common domicile for large publicly traded U.S. corporations due to its well-established corporate legal framework. These administrative details confirm the identity and regulatory standing of the registrant making the disclosure.

Exhibit Structure: Where the Actual Transaction Data Resides

The operative transaction-level data for the ASX daily reports is contained in Exhibit 99.1 and Exhibit 99.2, which are attached to the filing but not reproduced within the body of the report itself. Each exhibit corresponds to information provided to the ASX on specific dates as noted within each document. The filing also includes Exhibit 104, described as a Cover Page Interactive Data File embedded within the Inline XBRL document, which is standard for machine-readable regulatory submissions.

Investors and analysts wishing to review the precise number of shares bought back, the prices at which they were acquired, or any other transaction-specific detail from the ASX reports on July 13, 2026, would need to access the attached exhibits directly. The body of the disclosure functions primarily as a wrapper and regulatory notice, directing readers to the exhibits for underlying data rather than summarizing that data within the main text of the report.

News Corporation's Dual Market Listing and Its Impact on Disclosure Frequency

News Corporation's listing on both Nasdaq and the Australian Securities Exchange creates a more frequent cadence of public disclosure around its share repurchase activity than would be required if the company were listed solely on a U.S. exchange. Under U.S. rules, repurchase activity is typically disclosed on a monthly basis within quarterly reports. The ASX's daily reporting requirement means that investors — particularly those following the company through Australian market channels — receive more granular and timely visibility into buyback transactions as they occur.

This reporting dynamic means that News Corporation's repurchase program tends to generate a relatively steady stream of regulatory filings tied to ASX compliance, even during periods when the volume of individual transactions may be modest. Investors monitoring NWSA or NWS shares should be aware that many of these filings reflect routine compliance with Australian exchange rules rather than signaling new corporate developments or changes in strategic direction. The substance of the buyback program itself — the $1 billion authorization covering both share classes — was established previously and has not changed as a result of this particular update.

What the Filing Does and Does Not Confirm About Buyback Progress

This disclosure confirms that News Corporation executed share repurchase transactions on or around July 13, 2026, under its existing $1 billion program, and that it has complied with its obligation to report those transactions to the ASX. It does not confirm how much of the $1 billion authorization has been utilized to date, how many shares in aggregate have been repurchased across either class since the program was initiated, or what the company's near-term repurchase intentions are in terms of specific volume or dollar targets.

The company did not disclose this figure in the filing with respect to the aggregate amount spent under the repurchase program to date or the remaining buyback capacity. Investors looking for that level of detail are directed toward News Corporation's most recent quarterly or annual report, where the company has stated it discloses comprehensive repurchase program information. The immediate share price impact of this disclosure was not clear from available public information.