YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Fox Corp. announced a new $2 billion stock buyback plan.
"This stock buyback program reflects the confidence we have in the long-term investment case for the company, which is underpinned by the strength of our core brands and the sustainability of our business, and which we believe is well-positioned to continue to generate healthy free cash flow," said Lachlan Murdoch, executive chairman and CEO.
The company also announced an agreement that puts ownership limits on the Murdoch Family Trust.
Read more from Fox Business.
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