News Corp Appoints Warner Bros. Discovery CEO to Board
Ticker: NWSLL · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1564708
Sentiment: neutral
Topics: board-appointment, management
Related Tickers: WBD
TL;DR
News Corp just added Warner Bros. Discovery CEO David Zaslav to its Class B board.
AI Summary
On December 18, 2024, News Corporation filed an 8-K report detailing the appointment of David M. Zaslav as a Class B Director. Zaslav, who is also the CEO of Warner Bros. Discovery, will serve on the board of News Corp.
Why It Matters
The appointment of David Zaslav, a prominent media executive, to News Corp's board could signal strategic shifts or collaborations within the media industry.
Risk Assessment
Risk Level: low — This filing is a routine corporate announcement regarding board appointments and does not involve significant financial transactions or operational changes.
Key Players & Entities
- News Corporation (company) — Registrant
- David M. Zaslav (person) — Appointed Class B Director
- Warner Bros. Discovery (company) — CEO's current company
- December 18, 2024 (date) — Date of earliest event reported
FAQ
Who was appointed as a Class B Director for News Corporation?
David M. Zaslav was appointed as a Class B Director for News Corporation.
What is David M. Zaslav's current role outside of News Corp?
David M. Zaslav is the CEO of Warner Bros. Discovery.
What type of director was appointed?
A Class B Director was appointed.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported was on December 18, 2024.
What is the filing type for this report?
The filing type is a Current Report on Form 8-K.
Filing Stats: 722 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-12-18 19:08:51
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share NWSA The Nasdaq Global Select
- $1 billion — ized to acquire from time to time up to $1 billion in the aggregate of the Company's outst
Filing Documents
- nws-20241218.htm (8-K) — 35KB
- appendix3cclassa12182024.htm (EX-99.1) — 68KB
- appendix3cclassb12182024.htm (EX-99.2) — 68KB
- nws-20241218_g1.jpg (GRAPHIC) — 26KB
- 0001564708-24-000664.txt ( ) — 399KB
- nws-20241218.xsd (EX-101.SCH) — 2KB
- nws-20241218_def.xml (EX-101.DEF) — 15KB
- nws-20241218_lab.xml (EX-101.LAB) — 26KB
- nws-20241218_pre.xml (EX-101.PRE) — 16KB
- nws-20241218_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. As previously reported, under News Corporation's (the "Company's") stock repurchase program (the "Repurchase Program"), the Company is authorized to acquire from time to time up to $1 billion in the aggregate of the Company's outstanding shares of Class A common stock and Class B common stock. Under the rules of the Australian Securities Exchange (the "ASX"), the Company is required to provide to the ASX, on a daily basis, disclosure of transactions pursuant to the Repurchase Program, if any. The Company also discloses information concerning the Repurchase Program in the Company's quarterly and annual reports. Attached as Exhibit 99.1 and Exhibit 99.2 are copies of the information provided to the ASX on the respective dates noted therein. Such information contains " forward-looking statements " within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the Company's intent to repurchase, from time to time, the Company's Class A common stock and Class B common stock. These statements are based on management's current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by such statements due to, among other factors, changes in the market price of the Company's stock, general market conditions, applicable securities laws and alternative investment opportunities, as well as the risks, uncertainties and other factors described in the Company's filings with the Securities and Exchange Commission. The " forward-looking statements " included in such information are made only as of the date of this report. We do not have and do not undertake any obligation to publicly update any " forward-looking statements " to reflect subsequent events or circumstances, and we expressly disclaim any such obligation, except as required by law or regulation.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Information provided to the Australian Securities Exchange on the date noted on Exhibit 99.1. 99.2 Information provided to the Australian Securities Exchange on the date noted on Exhibit 99.2. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEWS CORPORATION (REGISTRANT) By: /s/ Michael L. Bunder Michael L. Bunder Senior Vice President, Deputy General Counsel and Corporate Secretary Dated: December 19, 2024