News Corporation Announces $1 Billion Stock Buy-Back Program

News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an update.

News Corporation has announced a repurchase program for up to 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 strengthening the company’s market position.

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 across various platforms. The company operates in industries such as news and information services, book publishing, digital real estate services, and subscription video services, with a significant market focus on digital transformation and global expansion.

YTD Price Performance: 3.29%

Average Trading Volume: 165,166

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$26.49B

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