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Equity
 6 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Equity EQUITY
The following tables summarize changes in equity for the three and six months ended December 31, 2021 and 2020:
For the three months ended December 31, 2021
Class A Common
Stock		Class B Common
Stock		Additional
Paid-in
Capital		Accumulated
Deficit		Accumulated
Other
Comprehensive
Loss		Total
News
Corp
Equity		Non-controlling
Interests		Total
Equity
SharesAmountSharesAmount
(in millions)
Balance, September 30, 2021393 $4 200 $2 $11,980 $(2,715)$(1,061)$8,210 $938 $9,148 
Net income— — — — — 235 — 235 27 262 
Other comprehensive loss— — — — — — (28)(28)— (28)
Dividends
— — — — — — — — — — 
Share repurchases(1)— (1)— (44)(2)— (46)— (46)
Other
— — — — 12 — — 12 (1)11 
Balance, December 31, 2021392 $4 199 $2 $11,948 $(2,482)$(1,089)$8,383 $964 $9,347 
For the three months ended December 31, 2020
Class A Common
Stock		Class B Common
Stock		Additional
Paid-in
Capital		Accumulated
Deficit		Accumulated
Other
Comprehensive
Loss		Total
News
Corp
Equity		Non-controlling
Interests		Total
Equity
SharesAmountSharesAmount
(in millions)
Balance, September 30, 2020391 $4 200 $2 $12,075 $(3,207)$(1,235)$7,639 $815 $8,454 
Net income— — — — — 231 — 231 30 261 
Other comprehensive income— — — — — — 245 245 63 308 
Dividends
— — — — — — — — (1)(1)
Other
— — — — 16 — — 16 36 52 
Balance, December 31, 2020391 $4 200 $2 $12,091 $(2,976)$(990)$8,131 $943 $9,074 

For the six months ended December 31, 2021
Class A Common
Stock		Class B Common
Stock		Additional
Paid-in
Capital		Accumulated
Deficit		Accumulated
Other
Comprehensive
Loss		Total
News
Corp
Equity		Non-controlling
Interests		Total
Equity
SharesAmountSharesAmount
(in millions)
Balance, June 30, 2021391 $4 200 $2 $12,057 $(2,911)$(941)$8,211 $935 $9,146 
Net income— — — — — 431 — 431 98 529 
Other comprehensive loss— — — — — — (148)(148)(38)(186)
Dividends
— — — — (59)— — (59)(27)(86)
Share repurchases(1)— (1)— (44)(2)— (46)— (46)
Other
2 — — — (6)— — (6)(4)(10)
Balance, December 31, 2021392 $4 199 $2 $11,948 $(2,482)$(1,089)$8,383 $964 $9,347 
For the six months ended December 31, 2020
Class A
Common Stock		Class B
Common Stock		Additional
Paid-in
Capital		Accumulated
Deficit		Accumulated
Other
Comprehensive
Loss		Total
News
Corp
Equity		Non-controlling
Interests		Total
Equity
SharesAmountSharesAmount
(in millions)
Balance, June 30, 2020389 $4 200 $2 $12,148 $(3,241)$(1,331)$7,582 $807 $8,389 
Net income— — — — — 265 — 265 43 308 
Other comprehensive income— — — — — — 341 341 80 421 
Dividends
— — — — (59)— — (59)(21)(80)
Other
2 — — — 2 — — 2 34 36 
Balance, December 31, 2020391 $4 200 $2 $12,091 $(2,976)$(990)$8,131 $943 $9,074 
Stock Repurchases
On September 22, 2021, the Company announced a new stock repurchase program authorizing the Company to purchase up to $1 billion in the aggregate of its outstanding Class A Common Stock and Class B Common Stock (the “Repurchase Program”). The Repurchase Program replaces the Company’s $500 million Class A Common Stock repurchase program approved by the Company’s Board of Directors (the “Board of Directors”) in May 2013. The manner, timing, number and share price of any repurchases will be determined by the Company at its discretion and will depend upon such factors as the market price of the stock, general market conditions, applicable securities laws, alternative investment opportunities and other factors. The Repurchase Program has no time limit and may be modified, suspended or discontinued at any time. As of December 31, 2021, the remaining authorized amount under the Repurchase Program was approximately $954 million.
Stock repurchases commenced on November 9, 2021, and during the three and six months ended December 31, 2021, the Company repurchased and subsequently retired 1.4 million shares of Class A Common Stock for approximately $31 million and 0.7 million shares of Class B Common Stock for approximately $15 million. The Company did not purchase any of its Class A Common Stock or Class B Common Stock during the six months ended December 31, 2020.
Stockholder Rights Agreement
On September 21, 2021, the Company amended the Fourth Amended and Restated Rights Agreement (as discussed in the Notes to the Consolidated Financial Statements included in the 2021 Form 10-K) (the “Rights Agreement”) to accelerate the expiration of the rights under the Rights Agreement to 11:59 P.M. (New York City time) on September 21, 2021, thereby terminating the Rights Agreement at such time. On the same date, the Company also entered into a stockholders agreement (the “Stockholders Agreement”) by and between the Company and the Murdoch Family Trust (the “MFT”). Pursuant to the Stockholders Agreement, the MFT and the Company have agreed not to take actions that would result in the MFT and Murdoch family members, including K. Rupert Murdoch, the Company’s Executive Chairman, and Lachlan K. Murdoch, the Company’s Co-Chairman, together owning more than 44% of the outstanding voting power of the shares of the Company’s Class B Common Stock (“Class B Shares”), or would increase the MFT’s voting power by more than 1.75% in any rolling twelve-month period. The MFT would forfeit votes in connection with an annual or special Company stockholders meeting to the extent necessary to ensure that the MFT and the Murdoch family collectively do not exceed 44% of the outstanding voting power of the Class B Shares at such meeting, except where a Murdoch family member votes their own shares differently from the MFT on any matter. The Stockholders Agreement will terminate upon the MFT’s distribution of all or substantially all of its Class B Shares.
Dividends
In August 2021, the Board of Directors declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. This dividend was paid on October 13, 2021 to stockholders of record as of September 15, 2021. The timing, declaration, amount and payment of future dividends to stockholders, if any, is within the discretion of the Board of Directors. The Board of Directors’ decisions regarding the payment of future dividends will depend on many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the Board of Directors deems relevant.