News Corporation Announces $1 Billion Stock Buy-Back Program

An update from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.

News Corporation has announced a repurchase program for up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. This buy-back initiative, which excludes ASX-listed CDIs, is subject to market conditions and aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and providing a positive signal to the market about the company’s financial health.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

News Corporation is a diversified media and information services company, primarily engaged in the creation and distribution of authoritative and engaging content to consumers and businesses throughout the world. The company operates in various segments, including news and information services, book publishing, digital real estate services, and subscription video services.

YTD Price Performance: 5.13%

Average Trading Volume: 163,041

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$26.57B

For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.