News Corp Launches US$1 Billion Share Repurchase Program for Nasdaq-Listed Stock
News Corp has announced a US$1 billion share repurchase program for its Nasdaq-listed Class A and Class B common stock, excluding its ASX-listed CDIs. This strategic move aims to reduce the number of outstanding shares, potentially boosting earnings per share and supporting the stock price, while showcasing the company's commitment to shareholder returns. The capital management strategy is expected to be viewed positively by investors.
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