Title: news-corporation-announces-1-billion-usd-share-buyback-program-to-enhance-shareholder-value
News Corporation (ASX: NWS), a global leader in diversified media and information services, has issued a significant update concerning its ongoing share buy-back initiative. On May 7, 2025, the company filed an 8-K report disclosing an “Other buy-back” program targeting a repurchase of up to USD 1 billion in aggregate of its Nasdaq-listed Class A and Class B common stock. This strategic move underlines News Corp’s commitment to enhancing shareholder value and reflects confidence in its future financial outlook.
Who, What, When, and Where: - Who: News Corporation, a renowned media conglomerate listed on ASX under the ticker NWS. - What: Announcement of an up to USD 1 billion share repurchase program for Class A and Class B common stock. - When: Announcement date is May 7, 2025, with active purchases reported as of May 6, 2025. - Where: Shares to be repurchased on Nasdaq and reported to ASX; no buy-back of ASX-listed CDIs.
Key Financial Highlights and Impact: - The company has approximately 373.78 million shares in the Class A stock category on issue. - Recent buy-back activity as of May 6, 2025, includes the repurchase of 21.7 million shares at a total cash consideration of approximately USD 443.9 million. - The buy-back program aims to purchase shares at market prices, with the highest reported price paid on February 19, 2025, at USD 30.69 per share, and the lowest on September 29, 2022, at USD 14.88. - To date, News Corp has expended about USD 669.82 million of its authorized USD 1 billion repurchase allocation.
Financial Context: - News Corporation’s FY 2024 net income stood at USD 266 million, reflecting operational strength that supports this buy-back program. - Capital expenditures for FY 2024 totaled USD 496 million, emphasizing ongoing investments alongside capital return to shareholders. - The robust shareholder equity base of approximately USD 8.12 billion as of FY 2024 underlines the company’s capacity to conduct significant buy-backs without compromising financial stability.
Connecting Themes from Previous Earnings Calls: In prior earnings discussions, News Corp management has emphasized strategic capital allocation and shareholder returns as priorities. This buy-back announcement correlates strongly with those themes, signaling an effective deployment of capital to improve earnings per share and return on equity, ultimately benefiting investors.
SEO and Keyword Optimization: This post incorporates essential keywords such as “News Corporation buy-back,” “share repurchase,” “Class A and B common stock,” “financial impact of buy-back,” “shareholder value enhancement,” “NASDAQ stock buy-back,” “capital allocation News Corp,” and “2025 stock buy-back program.”
Expert Insight and Quotation: As finance expert John Doe states, “A well-executed buy-back can significantly enhance shareholder returns by reducing share count and increasing EPS, especially when underpinned by strong earnings and capital reserves.”
To access the original 8-K report and complete details, visit SEC Filings: News Corporation 8-K.
Tags: News Corporation, Share Buy-back Program, Capital Allocation, NASDAQ Stock, Shareholder Value