news corp.

Rupert Murdoch’s News Corp. announced on Wednesday that it authorized a $1 billion stock repurchase program, which will replace its previous $500 million Class A repurchase program that was approved in 2013, according to the Securities Exchange Commission filing.

News Corp reported 3% revenue growth for the quarter that ended in March, driven by positive foreign-exchange fluctuations plus solid growth at the company’s digital real estate, book publishing and Dow Jones units.