Business
News Corp posts US$1.5bn loss driven by sharp declines in newspaper revenue – The Guardian
Revenue collapses by 16% in Australia and 13% in the UK, while Foxtel loses 12% of its subscribers in Australia
News Corp has posted a US$1.5bn loss, with its Australian and United Kingdom newspaper businesses suffering sharp declines in revenue and its Foxtel pay-TV business in Australia bleeding subscribers, new financial results for 2019-20 show.
The global media giant released its financial results for 2019/20 on Thursday in the US. The reports paint a grim picture across the last quarter and year, with the exception of its Dow Jones business.
News Corp Australia and News UK revenue declined 16% and…
-
Noosa News19 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
General19 hours agoARIA Awards 2025 winners: Amyl & The Sniffers and Ninajirachi dominate
-
Noosa News18 hours agoMurray Watt claims Queensland will follow Sussan Ley and ditch net zero by 2050
-
General16 hours agoRussian barrage kills 25 in Ukraine city as Zelenskyy holds talks with Turkish leader