News Corp updates on ongoing $1 billion stock repurchase program

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices surge on Middle East conflict; crude could aim for $100/bbl Five things to watch in markets in the week ahead European gas prices extend gains to 50% on QatarEnergy halt Dollar surges on Middle East conflict; euro, sterling retreat FLASH SALE (South Africa Philippines Nigeria) FLASH SALE News Corp updates on ongoing $1 billion stock repurchase program By Investing.com SEC Filings Published 03/02/2026, 08:36 AM News Corp updates on ongoing $1 billion stock repurchase program 0 NWS -0.59% NWSA -0.12% NWS -1.00% News Corp (NASDAQ:NWSA, NASDAQ:NWS) provided an update Monday on its ongoing stock repurchase program, which authorizes the company to acquire up to $1 billion in aggregate of its outstanding Class A and Class B common shares. The media conglomerate, with a market capitalization of $13.9 billion, currently trades at $24.29 and maintains a strong financial position with liquid assets exceeding short-term obligations. According to a press release statement included in a recent SEC filing, News Corp is required to disclose daily transactions related to the repurchase program to the Australian Securities Exchange . The company also reports on the program in its quarterly and annual filings. The filing noted that information provided to the ASX has been attached as exhibits, but did not detail specific repurchase transactions or amounts for the period covered. The company reiterated that any statements regarding its intent to repurchase shares are forward-looking and subject to change based on market conditions, stock price, and other factors.According to InvestingPro analysis, News Corp appears undervalued at current levels, with the platform’s Fair Value assessment suggesting upside potential. The company maintains a "GOOD" financial health score. News Corp’s Class A and Class B common stock are listed on The Nasdaq Global Select Market under the symbols NWSA and NWS, respectively. All informatio...