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Equity
 9 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
Equity EQUITY
The following tables summarize changes in equity for the three and nine months ended March 31, 2022 and 2021:
For the three months ended March 31, 2022
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, December 31, 2021392 $4 199 $2 $11,948 $(2,482)$(1,089)$8,383 $964 $9,347 
Net income— — — — — 82 — 82 22 104 
Other comprehensive income— — — — — — 88 88 35 123 
Dividends
— — — — (59)— — (59)(28)(87)
Share repurchases(3)— (1)— (78)(3)— (81)— (81)
Other
— — — — 12 — — 12 (2)10 
Balance, March 31, 2022389 $4 198 $2 $11,823 $(2,403)$(1,001)$8,425 $991 $9,416 
For the three months ended March 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, December 31, 2020391 $4 200 $2 $12,091 $(2,976)$(990)$8,131 $943 $9,074 
Net income— — — — — 79 — 79 17 96 
Other comprehensive income— — — — — — 25 25 4 29 
Dividends
— — — — (59)— — (59)(24)(83)
Other
— — — — 12 — — 12 1 13 
Balance, March 31, 2021391 $4 200 $2 $12,044 $(2,897)$(965)$8,188 $941 $9,129 

For the nine months ended March 31, 2022
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— — — — — 513 — 513 120 633 
Other comprehensive loss— — — — — — (60)(60)(3)(63)
Dividends
— — — — (118)— — (118)(55)(173)
Share repurchases(4)— (2)— (122)(5)— (127)— (127)
Other
2 — — — 6 — — 6 (6)— 
Balance, March 31, 2022389 $4 198 $2 $11,823 $(2,403)$(1,001)$8,425 $991 $9,416 
For the nine months ended March 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, 2020389 $4 200 $2 $12,148 $(3,241)$(1,331)$7,582 $807 $8,389 
Net income— — — — — 344 — 344 60 404 
Other comprehensive income— — — — — — 366 366 84 450 
Dividends
— — — — (118)— — (118)(45)(163)
Other
2 — — — 14 — — 14 35 49 
Balance, March 31, 2021391 $4 200 $2 $12,044 $(2,897)$(965)$8,188 $941 $9,129 
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 March 31, 2022, the remaining authorized amount under the Repurchase Program was approximately $873 million.
Stock repurchases commenced on November 9, 2021. During the three and nine months ended March 31, 2022, the Company repurchased and subsequently retired 2.5 million and 3.9 million shares of Class A Common Stock for approximately $54 million and $85 million, respectively, and 1.2 million and 1.9 million shares of Class B Common Stock for approximately $27 million and $42 million, respectively. The Company did not purchase any of its Class A Common Stock or Class B Common Stock during the nine months ended March 31, 2021.
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 February 2022, 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. The dividend was paid on April 13, 2022 to stockholders of record as of March 16, 2022. 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.