News Corp sees real estate driven earnings surge while Aussie media revenues remain flat

August 10, 2018 9:24

News Corp has reported an earnings jump for the year driven by real estate services while the news and information group showed weak growth despite digital subscriptions growing by nearly a third.

The Australian news and information division recorded 1% revenue growth while Foxtel was flat for the year, however it reported a 39% EBITDA fall of $69m in the final quarter compared to last year.

News Corp CEO, Robert Thomson: “News Corp has a lustrous future, built on a strong digital and global foundation”

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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