News Corp Expands Stock Buyback Authorization to $1.3 Billion

News Corporation has authorized a new $1 billion stock repurchase program in addition to the remaining $303 million from its existing 2021 buyback authorization, aiming to accelerate share repurchases following the release of its fiscal fourth-quarter results in early August 2025. The company’s CEO, Robert Thomson, stated that News Corp believes its stock is trading at a significant discount to its intrinsic value, prompting the increased pace of buybacks. The repurchase program involves acquiring a combination of Class A and Class B common stock, with no set time limit and the possibility of modification or suspension. News Corp has focused on strategic investments in core growth areas such as Dow Jones, Digital Real Estate Services, and Book Publishing, delivering strong profitability in recent years. The company maintains transparency by adhering to disclosure requirements on the Australian Securities Exchange and in its quarterly and annual reports. Overall, this move reflects News Corp’s strategy to enhance shareholder value and optimize its capital structure amid a period of transformation.