Business
News Corp revenue jumps, Foxtel strategic pivot provides ‘flexibility and optionality’ – Sydney Morning Herald
The investment by Rupert Murdoch’s News Corp in sectors such as book publishing and real-estate have led to earnings growth.
News Corporations chief executive Robert Thomson says the global media company is on track to report its most profitable financial year since 2013 after reporting further increases in revenue and earnings.
The Rupert Murdoch-controlled media company said the performance was due to investment in sectors such as real-estate and book publishing, while indicating cost-cutting efforts at Foxtel and its evolution into an online streaming company gave News Corp optionality and flexibility.
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