News Corp updates on stock repurchase program and ASX disclosures
Investing.com
Published Jul 10, 2025 06:25AM ET
News Corp (NASDAQ:NWSA) (NASDAQ:NWSA, NASDAQ:NWS), currently valued at $17.5 billion, reported Wednesday that it continues to operate under its previously authorized stock repurchase program, which allows the company to acquire up to $1 billion in aggregate of its outstanding Class A and Class B common shares. The company maintains strong financial health with $701 million in free cash flow and a healthy current ratio of 1.68. This information was disclosed in a statement based on a Securities and Exchange Commission filing. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
The company noted that, in accordance with the rules of the Australian Securities Exchange (ASX), it is required to provide daily disclosures to the ASX regarding any transactions conducted under the repurchase program. News Corp also includes updates about the repurchase program in its quarterly and annual reports. With a moderate debt-to-equity ratio of 0.36, the company appears well-positioned to execute its repurchase program while maintaining financial stability.
Attached to the filing are copies of the information provided to the ASX. The company stated that these disclosures may contain forward-looking statements regarding its intent to repurchase shares from time to time. News Corp emphasized that these statements are based on current management expectations and are subject to change depending on various factors, including market conditions and applicable laws.
The company clarified that it does not undertake any obligation to update forward-looking statements except as required by law or regulation.
This article is based on a statement made in a press release and information from a recent SEC filing.
In other recent news, News Corp has provided updates on its ongoing $1 billion stock repurchase program. The company remains authorized to buy back up to $1 billion of its Class A and Class B common shares. As part of regulatory requirements, News Corp discloses daily transactions related to this program to the Australian Securities Exchange (ASX) and includes updates in its quarterly and annual reports. The company has reiterated that its statements regarding the intent to repurchase shares are forward-looking and subject to change based on market conditions and other factors. Information related to the repurchase activities is attached as exhibits in filings with the U.S. Securities and Exchange Commission (SEC). News Corp has noted that it does not undertake any obligation to update these forward-looking statements except as required by law. These developments are based on press release statements included in the company’s filings with the SEC.
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