News Corp authorizes $1 billion stock buyback program, with $303 million remaining from previous plan. Repurchase to accelerate after Q4 results in August, once trading restrictions lift. No time limit on program, may be adjusted or halted at any time. CEO Robert Thomson’s contract extended to June 2030, oversaw sale of Foxtel for A$3.4 billion.

Read more at Yahoo Finance: News Corp announces new $1 billion share buyback plan