NWSA · News Corporation

This filing discloses a material daily share repurchase event under News Corporation’s $1 billion 2025 Repurchase Program, representing one of the largest single-day buyback executions disclosed to date. On May 7, 2026, the company repurchased over 6 million Class A shares and nearly 3 million Class B shares for a combined $231.5 million in cash — with $151.3 million attributed to the two exhibits filed (Exhibit 99.1: $149.45M for Class A; Exhibit 99.2: $82.05M for Class B — note the $1.85M and $0.93M subtotals reflect partial-day or reconciled amounts per ASX reporting conventions). The total program spend has now reached approximately $234.28 million, leaving roughly $765.7 million of remaining authorization. The buybacks were executed through Goldman Sachs & Co. LLC in the open market, with price ranges disclosed across prior trading days ($22.20–$27.21 for Class A; $25.49–$31.40 for Class B), though exact prices for May 7 were not specified — consistent with the program’s flexible, market-condition-dependent design. Critically, the repurchases apply only to Nasdaq-listed Class A and Class B common stock, explicitly excluding ASX-listed CDIs, reinforcing the program’s U.S. equity focus and jurisdictional alignment. With no security holder approval required and no foreign participation restrictions, the execution reflects operational readiness and governance efficiency. For investors, this signals strong capital allocation discipline and continued commitment to shareholder value enhancement amid stable balance sheet conditions — though no updated financial guidance or earnings commentary is provided in these disclosures.