[Form 3] News Corporation Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Three family trusts jointly filed an initial Form 3 reporting beneficial ownership in News Corporation (NWS/NWSA). The filing shows a total of 38,327,934 shares of Class B common stock and 7,125 shares of Class A common stock held of record by the reporting persons. The filing states these Shares were transferred for no consideration by the Murdoch Family Trust on September 6, 2025. The Form 3 was signed by each trust's trustee and filed jointly.

Positive

• Initial Form 3 filed for clear public disclosure of ownership in News Corporation.
• Precise holdings reported: 38,327,934 Class B shares and 7,125 Class A shares, with transfer date specified as September 6, 2025.

Negative

• None.

Insights

Financial Analyst

TL;DR: Large concentrated ownership disclosed; filing clarifies who holds record title after an intra-family transfer.

The Form 3 documents initial beneficial ownership of News Corporation common stock held of record by three family-related trusts. It quantifies holdings precisely: 38,327,934 Class B shares and 7,125 Class A shares. The disclosure indicates an internal transfer from the Murdoch Family Trust on September 6, 2025, filed jointly by the three reporting trusts. For investors, the filing provides clear ownership figures and filing provenance but contains no operational or financial performance details.

Corporate Governance Expert

TL;DR: Joint Form 3 filing clarifies record holders and potential group status without asserting voting agreements or managerial changes.

The filing is a procedural disclosure under Section 16, showing the MFT SH Family Trust, EM 2025 Family Trust and MacLeod Family Discretionary Trust as reporting persons and noting they "may be deemed" members of a group per referenced agreements. It explicitly states each reporting person disclaims beneficial ownership except for pecuniary interest. The document records trustees' signatures and the date of the transfer but does not describe any governance actions or altered board composition.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

MFT SH Family Trust

(Last) (First) (Middle)

JESSE ANGELO

421 HUDSON STREET APT. 410

(Street)

NEW YORK NY 10014-3649

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/06/2025

3. Issuer Name and Ticker or Trading Symbol
NEWS CORP [ NWS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	7,125(1)(2)	D
Class B Common Stock	38,327,934(1)(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

MFT SH Family Trust

(Last) (First) (Middle)

JESSE ANGELO

421 HUDSON STREET APT. 410

(Street)

NEW YORK NY 10014-3649

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

EM 2025 Family Trust

(Last) (First) (Middle)

RISE FIDUCIARY SERVICES II LLC

C/O M. CARANO, 100 W. LIBERTY ST., 10 FL

(Street)

RENO NV 89501

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

MacLeod Family Discretionary Trust

(Last) (First) (Middle)

EBOR MANAGEMENT COMPANY LIMITED

P.O. BOX 1905

(Street)

JACKSON WY 83001

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Consists of 2,375 shares of Class A common stock and 12,775,978 shares of Class B common stock of the issuer (collectively, the "Shares") held of record by each of the Reporting Persons (as defined below). As a result of certain agreements entered into by and among the Reporting Persons and certain other stockholders of the issuer, the Reporting Persons may be deemed members of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934 and may be deemed to share beneficial ownership of the Shares reported herein. Each of the Reporting Persons disclaims beneficial ownership of any such Shares, except to the extent of its respective pecuniary interest therein.

2. On September 6, 2025, the Murdoch Family Trust transferred the Shares for no consideration to the Reporting Persons.

Remarks:

Pursuant to Instruction 5(b)(v), this Form 3 is filed jointly by MFT SH Family Trust, EM 2025 Family Trust and MacLeod Family Discretionary Trust (collectively, the "Reporting Persons").

	/s/ Jesse Angelo, trustee of the MFT SH Family Trust	09/10/2025
	/s/ Paula Wardynski, trustee of the EM 2025 Family Trust	09/10/2025
	/s/ Patricia Overdyke, trustee of the MacLeod Family Discretionary Trust	09/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What does the Form 3 for News Corporation (NWSA) report?

The Form 3 reports that three trusts jointly hold 38,327,934 Class B shares and 7,125 Class A shares of News Corporation, filed as an initial ownership statement.

When were the shares transferred to the reporting trusts?

The filing states the Murdoch Family Trust transferred the reported Shares to the reporting persons for no consideration on September 6, 2025.

Who filed the Form 3 on behalf of the reporting persons?

The Form 3 was filed jointly by MFT SH Family Trust, EM 2025 Family Trust, and MacLeod Family Discretionary Trust, each signed by their respective trustees.

Does the filing state whether the reporting persons control the shares together?

The filing notes that, due to certain agreements, the reporting persons "may be deemed" members of a group and thus may be deemed to share beneficial ownership, but each disclaims beneficial ownership except for pecuniary interest.

Is there any information about derivative securities in the filing?

No derivative securities are reported in Table II; the filing only lists non-derivative holdings of Class A and Class B common stock.