News Corporation (NWSA, Financial) has provided an update regarding its ongoing stock repurchase program, as disclosed in a recent Form 8-K filing with the United States Securities and Exchange Commission. The company is authorized to repurchase up to $1 billion of its outstanding shares, encompassing both Class A and Class B common stock.
Under the rules of the Australian Securities Exchange (ASX), News Corporation is required to disclose daily transactions related to the repurchase program. This information is also included in the company's quarterly and annual reports, ensuring transparency and compliance with regulatory standards.
The repurchase program is part of News Corporation's strategic efforts to manage its capital structure effectively and enhance shareholder value. The company remains committed to providing updates on the progress of the program as required by law or regulation.
For more detailed information on the stock repurchase program and other financial disclosures, investors are encouraged to review the company's filings and reports available through official channels.
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