Acquisition of Class B Shares by Reporting Persons in News Corporation

This Schedule 13D filing reports the acquisition of beneficial ownership of Class B common stock of News Corporation by Cruden 2, LLC, LGC Holdco, LLC, Michael Roberson, and Lachlan K. Murdoch. The acquisitions occurred through the transfer of shares from the Murdoch Family Trust to LGC Holdco on September 7, 2025, and a privately negotiated transaction on September 10, 2025. The Reporting Persons initially acquired the shares for investment purposes and may engage in discussions with the board of directors, management, or other shareholders regarding strategic alternatives, including mergers, acquisitions, or changes in corporate structure. The filing also details the collateralized loan agreement entered into by LGC Holdco to fund the purchase of shares. The Reporting Persons collectively own approximately 33.2% of the outstanding Class B Shares.