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News Corp Cancels 223,259 Class B Shares in Capital Management Move
News Corporation has cancelled 223,259 Class B shares on the ASX as part of a recent buy-back transaction, aiming to tighten its capital base and potentially boost earnings per share for remaining shareholders. This capital management move, effective March 20, 2026, reflects the company’s strategic adjustments to its equity structure. News Corp’s Class B stock (AU:NWS) currently has a “Hold” rating from analysts with an average price target of A$42.00, and a market capitalization of A$19.88 billion.