News Corporation's board has approved a new $1.00 billion share repurchase authorization and plans to rotate its independent auditor from Ernst & Young LLP to Deloitte & Touche LLP for the fiscal year ending June 30, 2028. The buyback covers Class A and Class B shares and comes as the company's share price has lagged the broader US market over the past year. The auditor change and expanded repurchase program sharpen the focus on capital discipline amid cyclical pressures in real estate and advertising. Analyst projections see revenue reaching $9.7 billion and earnings hitting $745.9 million by 2029, implying 4.1% annual revenue growth and a $306.9 million increase from current earnings of $439.0 million. One fair value estimate places the stock at $33.92, representing a 31% upside to its current price.
News Corp ABoard approved $1B buyback and auditor switch to Deloitte, signaling capital discipline.