News Corp. (NWS, NWSA) said Tuesday the board has approved a $1 billion share buyback plan.
The buyback plan is in addition to the existing $1 billion repurchase program approved in September 2021, of which $303 million remains outstanding, the company said.
News Corp. also said it plans to start buying back shares at an accelerated rate after the fiscal Q4 earnings release in early August.
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