News Summary:
On May 1, 2026, investors evaluated News Corp's stock valuation in the context of a recent Meta AI licensing deal, with shares closing at US$26.32. The company's stock posted a flat 7-day return of 0.0% and a 30-day return of 5.6%, though its 1-year return registered negative 2.0%. Previously, on April 30, News Corp filed Form 0001564708-26-000092, reporting an unscheduled material event. This followed discussions on April 29 regarding Australia's News Media Bargaining Code, which critics argued risked empowering incumbent media entities and sidelining independent journalism, despite its 2021 goal to support Australian journalism with funding from Google and Meta. Also on April 29, News Corp filed Form 0001564708-26-000091, detailing another unscheduled material event. Earlier, on April 28, News Corp provided an update on its ongoing US$1 billion share repurchase program, disclosing the repurchase of 70,004 Class A and Class B common stock securities that day for US$1,841,903.25, contributing to a cumulative consideration of US$136,284,199.75 for 5,555,637 securities bought back in total.
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