19 unchanged sentences
The information required by this item with respect to the Company’s Audit Committee, including the Audit Committee’s members and its financial expert, is contained in the Proxy Statement under the heading “Corporate Governance Matters—Board Committees” and is incorporated by reference in this Annual Report.
−Removed: The information required by this item with respect to the Company’s insider trading policy is contained in the Proxy Statement under the heading “Compensation Discussion and Analysis—Insider Trading Policy and Prohibition on Hedging and Pledging of News Corporation Stock” and is incorporated by reference in this Annual Report.
+Added: The information required by this item with respect to the Company’s insider trading policy is contained in the Proxy Statement under the heading “Compensation Discussion and Analysis—Securities Trading Policy and Prohibition on Hedging of News Corporation Stock” and is incorporated by reference in this Annual Report.
EXECUTIVE COMPENSATION
30 unchanged sentences
001-35769) filed with the Securities and Exchange Commission on July 3, 2013.)
−Removed: 2.4 Amended and Restated FOX SPORTS Trade Mark License Agreement, dated as of October 22, 2021, between Fox Media LLC and Fox Sports Australia Pty Limited.
−Removed: (Incorporated by reference to Exhibit 2.1 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on February 4, 2022.)
−Removed: 2.5 Amended and Restated FOX Trade Mark License Agreement, dated as of October 22, 2021, between Fox Media LLC and Fox Sports Australia Pty Limited.
−Removed: (Incorporated by reference to Exhibit 2.2 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on February 4, 2022.)
−Removed: 2.6 Amended and Restated Foxtel Trade Mark License Agreement, dated as of October 22, 2021, between Fox Media LLC and Foxtel Management Pty Ltd.
−Removed: (Incorporated by reference to Exhibit 2.3 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on February 4, 2022.)
−Removed: 2.7 Amended and Restated FOX Trade Mark License Agreement, dated as of October 22, 2021, between Fox Media LLC and Foxtel Management Pty Limited.
−Removed: (Incorporated by reference to Exhibit 2.4 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on February 4, 2022.)†
3.1 Restated Certificate of Incorporation of News Corporation.
7 unchanged sentences
001-35769) filed with the Securities and Exchange Commission on Jun e 23, 2023 .)
−Removed: Exhibit Description
4.1 Description of News Corporation’s Securities.
15 unchanged sentences
001-35769) filed with the Securities and Exchange Commission on February 14, 2022.)
−Removed: 10.1 Amended and Restated Employment Agreement, dated May 11, 2023 , between News Corporation and Robert Thomson.
+Added: 10.1 Amended and Restated Employment Agreement, dated June 20, 2025 , between News Corporation and Robert Thomson.
+Added: Exhibit Description
+Added: 10.2 Employment Agreement, dated November 7, 2024, between News Corporation and Lavanya Chandrashekar.
(Incorporated by reference to Exhibit 10.1 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on May 12, 2023 .)±
−Removed: 10.2 Amended and Restated Employment Agreement, dated May 11, 2023 , between News Corporation and Susan Panuccio.
−Removed: (Incorporated by reference to Exhibit 10.
−Removed: 3 to the Quarterly Report of News Corporation on Form 10- Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on May 12, 2023 .)±
+Added: 001-35769) filed with the Securities and Exchange Commission on February 6, 2025.)±
+Added: 10.3 Separation Agreement and General Release, dated November 7, 2024, between News Corporation and Susan Panuccio.
+Added: (Incorporated by reference to Exhibit 10.2 to the Quarterly Report of News Corporation on Form 10-Q (File No.
+Added: 001-35769) filed with the Securities and Exchange Commission on February 6, 2025.)±
10.4 Amended and Restated Employment Agreement, dated May 8 , 202 4 , between News Corporation and David Pitofsky.
2 unchanged sentences
001-35769) filed with the Securities and Exchange Commission on May 9 , 202 4 .)±
+Added: 10.5 Amended and Restated Employment Agreement, dated February 14, 2024, between News Corporation and Ruth Allen.
+Added: (Incorporated by reference to Exhibit 10.2 to the Quarterly Report of News Corporation on Form 10-Q (File No.
+Added: 001-35769) filed with the Securities and Exchange Commission on November 8, 2024.)±
+Added: 10.6 Employment Agreement, dated June 20, 2025, between News Corporation and Julian Delany.±*
+Added: 10.7 Separation, Transition Services and General Release Agreement, dated June 30, 2025, between News Corporation and David Kline.±*
10.8 News Corporation 2013 Long-Term Incentive Plan, as amended and restated effective November 20, 2019.
23 unchanged sentences
001-35769) filed with the Securities and Exchange Commission on May 12, 2023 .)
−Removed: 10.12 Syndicated Facility Agreement, dated as of August 1 4 , 2023, among Foxtel Management Pty Limited, as initial borrower, the MLABs named therein, the initial financiers named therein and Commonwealth Bank of Australia, as facility agent.
−Removed: (Incorporated by reference to Exhibit 10.1 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on November 9, 2023.)
−Removed: Exhibit Description
−Removed: 10.13 Multi-Option Facility Agreement, dated as of June 30, 2017, among Foxtel Management Pty Limited, Foxtel Finance Pty Limited and the other original borrowers listed therein and Commonwealth of Bank of Australia, as the original lender.
−Removed: (Incorporated by reference to Exhibit 10.23 to the Annual Report of News Corporation on Form 10-K (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on August 15, 2018.)
−Removed: 10.14 Deed of Amendment, dated as of November 15, 2019, to the Multi-Option Facility Agreement, dated as of June 30, 2017, among Foxtel Management Pty Limited, Foxtel Finance Pty Limited and the other original borrowers listed therein and Commonwealth Bank of Australia, as the original lender.
−Removed: (Incorporated by reference to Exhibit 10.5 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on February 7, 2020.)
−Removed: 10.15 Deed of Amendment, dated as of April 8, 2021, to the Multi-Option Facility Agreement, dated as of June 30, 2017, among Foxtel Management Pty Limited, Foxtel Finance Pty Limited and the other original borrowers listed therein and Commonwealth Bank of Australia, as the original lender.
−Removed: (Incorporated by reference to Exhibit 10.2 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on May 7, 2021.)
−Removed: 10.16 Deed of Amendment, dated as of August 14, 2023, to the Multi-Option Facility Agreement, dated as of June 30, 2017, among Foxtel Management Pty Limited, Foxtel Finance Pty Limited and the other original borrowers listed therein and Commonwealth Bank of Australia, as the original lender.
−Removed: (Incorporated by reference to Exhibit 10.3 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on November 9, 2023.)
−Removed: 10.17 Common Terms Deed Poll, dated as of April 10, 2012, made by Foxtel Management Pty Ltd and the other parties thereto acting as initial guarantors in favor of the finance parties defined therein.
−Removed: (Incorporated by reference to Exhibit 10.24 to the Annual Report of News Corporation on Form 10-K (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on August 15, 2018.)
−Removed: 10.18 Deed of Amendment, dated as of November 15, 2019, to the Common Terms Deed Poll, dated as of April 10, 2012, made by Foxtel Management Pty Ltd and the other parties thereto acting as initial guarantors in favor of the finance parties defined therein.
−Removed: (Incorporated by reference to Exhibit 10.6 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on February 7, 2020.)
−Removed: 10.19 Deed of Amendment, dated as of August 11, 2023, to the Common Terms Deed Poll, dated as of April 10, 2012, made by Foxtel Management Pty Limited and the other parties thereto acting as initial guarantors in favor of the finance parties defined therein.
−Removed: (Incorporated by reference to Exhibit 10.2 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on November 9, 2023.)
−Removed: 10.20 Guarantor Assumption Deed Poll, dated as of November 15, 2019, to the Common Terms Deed Poll, dated as of April 10, 2012, executed by each entity listed in the Schedule thereto.
−Removed: (Incorporated by reference to Exhibit 10.7 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on February 7, 2020.)
−Removed: 10.21 Guarantor Assumption Deed Poll, dated as of April 8, 2021, to the Common Terms Deed Poll, dated as of April 10, 2012, executed by Multi Channel Network Pty Ltd.
−Removed: (Incorporated by reference to Exhibit 10.3 to the Quarterly Report of News Corporation on Form 10-Q (File No.
−Removed: 001-35769) filed with the Securities and Exchange Commission on May 7, 2021.)
10.16 Stockholders Agreement, dated as of September 21, 2021, by and between News Corporation and the Murdoch Family Trust.
1 unchanged sentence
001-35769) filed with the Securities and Exchange Commission on September 22, 2021.)
−Removed: 19.1 Insider Trading Polic y.*
+Added: 19.1 Securities Trading Polic y.*
21.1 List of Subsidiaries.*
2 unchanged sentences
31.2 Chief Financial Officer Certification required by Rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934, as amended.*
+Added: Exhibit Description
32.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C.
1 unchanged sentence
97.1 News Corporation Incentive-Based Compensation Clawback Polic y.
−Removed: Exhibit Description
+Added: ( Incorporated by reference to Exhibit 97.1 to the Annual Report of News Corporation on Form 10-K (File No.
+Added: 001-35769) filed with the Securities and Exchange Commission on August 13, 2024.
101 The following financial information from the Registrant’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 formatted in Inline XBRL:
10 unchanged sentences
± Management contract or compensatory plan or arrangement
−Removed: † Certain portions of this exhibit have been omitted pursuant to Item 601(b)(10) of Regulation S-K.
FORM 10-K SUMMARY
1 unchanged sentence
NEWS CORPORATION
−Removed: /s/ Susan Panuccio
−Removed: Susan Panuccio
+Added: /s/ Lavanya Chandrashekar
+Added: Lavanya Chandrashekar
Chief Financial Officer
5 unchanged sentences
(Principal Executive Officer) August 6, 2025
−Removed: /s/ Susan Panuccio Chief Financial Officer
+Added: /s/ Lavanya Chandrashekar
+Added: Chief Financial Officer
(Principal Financial Officer) August 6, 2025
−Removed: Susan Panuccio
+Added: Lavanya Chandrashekar
/s/ Marygrace DeGrazio Chief Accounting Officer
4 unchanged sentences
August 6, 2025
−Removed: /s/ Kelly Ayotte Director August 13, 2024
/s/ José María Aznar Director August 6, 2025
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.