News Corporation (NASDAQ:NWSA, NASDAQ:NWS), with a market capitalization of $17.75 billion, provided an update Monday regarding its ongoing stock repurchase programs. According to a statement based on a Securities and Exchange Commission filing, the company remains authorized to acquire up to $1 billion in aggregate of its outstanding Class A and Class B common shares. Based on InvestingPro analysis, the stock is currently fairly valued, with a healthy free cash flow of $701 million. News Corp (NASDAQ: NWSA ) stated that under Australian Securities Exchange (ASX) rules, it is required to disclose daily any transactions related to these repurchase programs. The company also reports such information in its quarterly and annual filings. The stock has shown solid momentum with an 8.83% return year-to-date, and maintains a strong financial position with a current ratio of 1.68.