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News Corp Details Progress of US$1 Billion U.S. Share Repurchase Program
News Corp has provided an update on its US$1 billion share repurchase program, which targets Nasdaq-listed Class A and Class B common stock. The company intends to execute these repurchases from time to time in the open market, excluding ASX-listed CDIs. This move aims to potentially reduce the share count, enhance value for U.S.-listed equity holders, and demonstrates capital management discipline focused on optimizing its U.S. capital structure.