News Corp Cancels 350,020 Class A Shares in Capital Management Move

robot
Abstract generation in progress

News Corporation has announced the cancellation of 350,020 Class A shares on the ASX, effective May 1, 2026, through a buy-back program. This capital management decision reduces the company’s issued capital and could impact shareholder value and earnings per share. Analysts currently rate News Corp (AU:NWS) as a “Buy” with a price target of A$56.00.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin