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News Corp reports improvement in global revenues, driven by real estate growth

November 10, 2017 3:03

News Corp’s global revenues rose back above US$2bn in the first quarter of its 2018 financial year, the company has revealed.

The 5% rise was mainly attributed to the continuing growth of real estate businesses REA Group and Move.

However the company’s print products and subscription TV platform Foxtel are still struggling.

Last year’s acquisitions of APN News & Media’s Australian Regional Media group of regional newspapers also helped News Corp – Australia’s biggest newspaper publisher – report a higher number.

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Zoe Samios worked at Mumbrella between 2016 and 2019, finishing up as senior media reporter in March 2019.

Topics
Fox Sports News Corp News Corp Australia REA Group
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