News Corp Files 8-K: Financial Statements and Exhibits

TL;DR

NEWS Corp filed an 8-K on 12/23 for 12/22, mostly financial docs.

AI Summary

News Corp filed an 8-K on December 23, 2024, reporting on events that occurred on December 22, 2024. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text.

Why It Matters

This filing indicates News Corp is providing updated financial information and exhibits to the SEC, which is standard procedure for public companies.

Risk Assessment

Risk Level: low — The filing appears to be routine and does not disclose any significant new risks or material adverse events.

Key Players & Entities

• News Corp (company) — Registrant
• December 22, 2024 (date) — Earliest event reported
• December 23, 2024 (date) — Date of report
• Delaware (jurisdiction) — State of incorporation
• 1211 Avenue of the Americas, New York, New York 10036 (address) — Business address

FAQ

Key Financial Figures

• $0.01 — stered Class A Common Stock, par value $0.01 per share NWSA The Nasdaq Global Select

Filing Documents

• nws-20241222.htm (8-K) — 34KB
• a122224991-foxtelannouncem.htm (EX-99.1) — 26KB
• news_corpxlogosmall1a.gif (GRAPHIC) — 4KB
• nws-20241222_g1.jpg (GRAPHIC) — 26KB
• 0001564708-24-000668.txt ( ) — 287KB
• nws-20241222.xsd (EX-101.SCH) — 2KB
• nws-20241222_def.xml (EX-101.DEF) — 15KB
• nws-20241222_lab.xml (EX-101.LAB) — 26KB
• nws-20241222_pre.xml (EX-101.PRE) — 16KB
• nws-20241222_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On December 22, 2024, News Corporation (the "Company") issued a press release announcing that it and Telstra Corporation Limited ("Telstra" and together with the Company, the "Shareholders") have entered into a definitive agreement to sell NXE Australia Pty Limited ("Foxtel") to DAZN Group Limited ("DAZN"). The agreement follows a strategic review of Foxtel as part of the Company's ongoing efforts to optimize its portfolio and simplify the structure of the Company. Under the terms of the agreement, the Shareholders will sell 100% of the issued and outstanding equity securities of Foxtel to DAZN in exchange for (i) newly issued shares of DAZN, which will be allocated to the Shareholders on a pro rata basis, (ii) repayment of outstanding loans provided by the Shareholders to Foxtel in full in cash, together with accrued interest, and (iii) the transfer (including by way of assumption or refinancing) of Foxtel's remaining indebtedness as part of the transaction. The transaction, which is expected to close in the second half of the Company's fiscal 2025, is subject to regulatory approvals and other customary closing conditions. A copy of the Company's press release is attached as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.

Forward-Looking Statements

Forward-Looking Statements This document contains forward-looking statements based on current expectations or beliefs, as well as assumptions about future events, and these statements are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The words "expect," "estimate," "anticipate," "predict," "believe," "potential," "will," "should" and similar expressions and variations thereof are intended to identify forward-looking statements. These statements appear in a number of places in this document and include statements with respect to, among other things, the expected timing for the completion of, and the potential benefits from, the sale of Foxtel. Readers are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Many factors, such as the risks and uncertainties related to the parties' efforts to comply with and satisfy applicable regulatory approvals and closing conditions relating to the sale, could cause actual results to differ materially from those described in these forward-looking statements. The forward-looking statements in this document speak only as of this date and the Company and Foxtel undertake no obligation (and expressly disclaim any obligation) to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Announcement issued by the Company regarding the sale of Foxtel . 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 23, 2024

View Full Filing

View this 8-K filing on SEC EDGAR