[SCHEDULE 13G/A] NEWS CORP SEC Filing

Rhea-AI Filing Summary

Schedule 13G/A for News Corp (Class B Common Stock) discloses ownership changes among reporting persons affiliated with the Murdoch family. On September 6, 2025 the Murdoch Family Trust (MFT) transferred approximately half of its Class A and Class B shares to three Departing Member Trusts for three family branches and the remainder to three LGC Family Trusts. On September 7, 2025 the LGC Family Trusts contributed shares to LGC Holdco, LLC. On September 10, 2025 Cruden ceased as trustee of the Departing Member Trusts and was replaced by Cruden 2, LLC for the LGC family entities. As of the filing, Cruden and MFT report beneficial ownership of 0 shares and K. Rupert Murdoch reports 1,009,446 Class B shares (0.5% of the class).

Positive

• Clear disclosure of trust-to-trust transfers and trustee changes for News Corp Class A and Class B shares
• K. Rupert Murdoch's direct holding is explicitly reported as 1,009,446 Class B shares (0.5%), improving transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Family trust restructurings moved holdings among related trusts and trustees; individual reporting shows K. Rupert Murdoch holds 0.5%.

The filing documents an internal reallocation of News Corp Class A and Class B shares from the Murdoch Family Trust into multiple beneficiary trusts and a family holding company, accompanied by trustee changes. These actions are administrative and estate-planning in nature and the filing reports that the MFT and Cruden no longer beneficially own the shares they previously held. The disclosure increases transparency about who holds voting and dispositive power, while showing Mr. Murdoch retains a modest direct stake of 1,009,446 Class B shares representing 0.5% of the class.

Securities/Compliance Analyst

TL;DR: Required beneficial ownership disclosures filed; shows transfers and trustee replacements without indication of material change in control.

The amendment complies with Schedule 13G reporting obligations by identifying transfers executed on September 6–10, 2025, and updating beneficial ownership on the cover pages. The document indicates aggregate beneficial ownership for Cruden and the Murdoch Family Trust is now 0 shares, while K. Rupert Murdoch reports 1,009,446 shares (0.5%). There is no statement in the filing of acquisitions or dispositions to third parties, nor any claim of group formation or >5% ownership that would trigger different reporting thresholds.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

NEWS Corp

(Name of Issuer)

Class B Common Stock

(Title of Class of Securities)

65249B208

(CUSIP Number)

09/06/2025

(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. 65249B208

1

Names of Reporting Persons

Cruden Financial Services LLC

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 65249B208

1

Names of Reporting Persons

Murdoch Family Trust

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 65249B208

1

Names of Reporting Persons

K. Rupert Murdoch

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,009,446.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,009,446.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,009,446.00

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)

0.5 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NEWS Corp
(b)	Address of issuer's principal executive offices: 1211 Avenue of the Americas New York, New York 10036
Item 2.
(a)	Name of person filing: Cruden Financial Services LLC ("Cruden") Murdoch Family Trust ("MFT") K. Rupert Murdoch
(b)	Address or principal business office or, if none, residence: Cruden Financial Services LLC c/o Maupin, Cox & Legoy 4785 Caughlin Parkway Reno, NV 89519 Murdoch Family Trust c/o Maupin, Cox & Legoy 4785 Caughlin Parkway Reno, NV 89519 K. Rupert Murdoch c/o News Corporation 1211 Avenue of the Americas New York, New York 10036
(c)	Citizenship: Cruden was formed under the laws of Delaware. MFT is governed by the laws of Nevada. Mr. Murdoch is a United States citizen.
(d)	Title of class of securities: Class B Common Stock
(e)	CUSIP No.: 65249B208
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: See responses to Item 9 on each cover page. On September 6, 2025, the MFT transferred (i) approximately 50% of the shares of Class A common stock, par value $0.01 per share ("Class A Shares"), of the Issuer and approximately 50% of the shares of Class B common stock, par value $0.01 per share ("Class B Shares") held by the MFT to three trusts (collectively, the "Departing Member Trusts") established by Cruden, the sole trustee of the MFT, one for the benefit of each of Prudence MacLeod, Elisabeth Murdoch and James Murdoch and their respective descendants and charitable organizations and (ii) the remaining Class A Shares and Class B Shares held by the MFT to three trusts (collectively, the "LGC Family Trusts") established by Cruden, one for the benefit of each of Lachlan K. Murdoch, Grace Murdoch and Chloe Murdoch and their respective descendants and charitable organizations. On September 7, 2025, the LGC Family Trusts contributed such Class A Shares and Class B Shares to LGC Holdco, LLC ("LGC Holdco"), which is owned by the LGC Family Trusts. On September 10, 2025, Cruden (i) ceased to serve as the trustee of the Departing Member Trusts and (ii) was replaced by Cruden 2, LLC as the trustee and the sole manager of the LGC Family Trusts and LGC Holdco, respectively. As a result, the MFT and Cruden do not beneficially own any Class A Shares or Class B Shares as of the date of this filing.
(b)	Percent of class: See responses to Item 11 on each cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See responses to Item 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See responses to Item 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See responses to Item 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See responses to Item 8 on each cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
	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:
	Not Applicable

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.

Cruden Financial Services LLC

Signature:	/s/ William P. Barr
Name/Title:	President
Date:	09/12/2025

Murdoch Family Trust

Signature:	/s/ William P. Barr
Name/Title:	President of Cruden Financial Services LLC, Trustee of Murdoch Family Trust
Date:	09/12/2025

K. Rupert Murdoch

Signature:	/s/ K. Rupert Murdoch
Name/Title:	K. Rupert Murdoch
Date:	09/12/2025

FAQ

What did the Schedule 13G/A for News Corp (NWSAL) disclose?

The filing discloses transfers of MFT-held Class A and Class B shares to multiple trusts and LGC Holdco and trustee replacements; it reports beneficial ownership figures.

How many Class B shares does K. Rupert Murdoch beneficially own according to this filing?

K. Rupert Murdoch reports beneficial ownership of 1,009,446 Class B shares, representing 0.5% of the class.

Does the Murdoch Family Trust or Cruden Financial Services LLC beneficially own any News Corp shares after these transfers?

No; the filing states that as of the date of the filing, the MFT and Cruden do not beneficially own any Class A or Class B shares.

When were the trust transfers and trustee changes executed?

The filing reports transfers on September 6 and 7, 2025, and trustee/manager changes on September 10, 2025.

Did the filing indicate any ownership exceeding 5% or formation of a reporting group?

No; the cover pages and Item 5 indicate ownership of 5% or less and the filing does not identify a group or >5% ownership.