2 good news : - they announced a 1 bn USD share buy back program. Combination of class A and class B shares. It will start in early November, after Q1 22 results. "our robust cash balance and strong free cash flow has enabled us to launch a much larger, more aggressive buy back".
- Foxtel Group will host a strategy day, organised by 2 shareholders : News Corp and Telstra. Presentation by Foxtel CEO and CFO on Sept 29 (US) and Sept 30 (Aust). The last strategy day done by News Corp was related Dow Jones and it was a high quality presentation, showing the DJ potential in the long term. Difficult to know exactly what to expect from Foxtel presentation, but given the low level of market expectations for Foxtel, I can't see how it could be negative for News Corp.
NWS Price at posting:
$30.03 Sentiment: Buy Disclosure: Held
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