News Corporation (NASDAQ:NWSA), a global diversified media and information services company, has disclosed updates to its ongoing stock repurchase program, according to a filing with the Securities and Exchange Commission dated December 31, 2024.
The company, headquartered in New York, is authorized to buy back up to $1 billion worth of its Class A and Class B common stock over time.
The repurchase initiative, part of News Corp (NASDAQ:NWSA)'s strategy to enhance shareholder value, requires daily reporting of transactions to the Australian Securities Exchange (ASX), in addition to quarterly and annual reports.
The news above is based on an SEC filing.
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