News Corp rises on $1 billion share buyback plan announcement
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Shares of News Corp NWSA.O rise 2.7% to $30.51 in morning trading
NWSA says its board has authorized a $1 bln stock repurchase program
Co intends to begin the share repurchase at an accelerated pace after its fourth-quarter financial results in early August
As of last close, stock was up ~8% this year
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