T. Rowe Price Reports 19.15M NWSA Shares in Passive Schedule 13G/A

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. reports beneficial ownership of 19,153,201 shares of News Corp New Class A common stock, representing 5.1% of the class. The filing shows sole voting power over 17,963,283 shares and sole dispositive power over 19,117,243 shares, and identifies the reporting person as an investment adviser (IA).

The statement is filed as a Schedule 13G amendment and includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. This disclosure documents a material passive stake above the 5% threshold while the filer expressly denies beneficial ownership for control purposes.

Positive

• Material disclosure of 5.1% stake (19,153,201 shares) provides transparency to market participants
• Certification of passive, ordinary-course holdings clarifies the filer does not intend to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: A material passive stake of 5.1% by a major asset manager is disclosed; no activist intent declared, so immediate governance impact appears limited.

The filing quantifies a meaningful economic position: 19,153,201 shares representing 5.1% of the class, with clear separation between voting and dispositive powers. As a Schedule 13G amendment by an entity classified as an investment adviser (IA), the disclosure signals notable exposure but affirms holdings are in the ordinary course of business and not intended to influence control. Investors should view this as a transparent report of scale rather than an indication of strategic engagement.

Corporate Governance Expert

TL;DR: Ownership exceeds the 5% reporting threshold but the filer disclaims control intent; governance consequences are unlikely absent further filings.

The statement reports sole voting power for 17,963,283 shares and sole dispositive power for 19,117,243 shares, while the aggregate reported amount equals 19,153,201 shares. The certification explicitly states the position is not held to change or influence issuer control. Because this is a passive Schedule 13G filing, it does not signal activist engagement or immediate board-level implications based solely on the information provided.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 15)

NEWS CORP NEW CLASS A

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

65249B109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 65249B109

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 17,963,283.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 19,117,243.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,153,201.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NEWS CORP NEW CLASS A
(b)	Address of issuer's principal executive offices: 1211 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 65249B109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 19153201
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 17963283
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 19117243
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	08/14/2025

FAQ

Who filed the Schedule 13G/A for News Corp (NWSA)?

The filing was made by T. Rowe Price Associates, Inc., identified as an investment adviser (IA).

How many News Corp (NWSA) shares does T. Rowe Price report owning?

The report discloses beneficial ownership of 19,153,201 shares.

What percentage of News Corp (NWSA) does the reported stake represent?

The disclosed position represents 5.1% of the class.

What voting and dispositive powers are reported?

The filing reports sole voting power over 17,963,283 shares and sole dispositive power over 19,117,243 shares, with no shared voting or dispositive power.

Does the filing indicate T. Rowe Price intends to influence control of News Corp?

No. The certification states the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.