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News Corp Outlines US$1 Billion U.S. Share Buy-Back, Excludes ASX CDIs
News Corporation announced a US$1 billion share repurchase program for its Nasdaq-listed Class A and Class B common stock. This program will not include ASX-listed CHESS Depositary Interests (CDIs), allowing the company to reduce its share count and manage capital for shareholders in the U.S. The latest analyst rating on AU:NWS stock is a Hold with a A$42.00 price target.