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Nov 10, 2017

News Corp enjoying boost as real estate listings lead the charge

The real estate advertising arm of News Corp is the success story of the latest financial results.

News Corp once again confirmed that it is only a print media and book publisher tail to the more profitable of its real estate website listing businesses in Australia (REA Group) and the US (Move). Once the reshuffle at Foxtel and Fox Sports concludes by June 30 next year, print will be an even smaller share. Judging from the comments in the report, print advertising revenues, which are still the main area of revenue for the News and Information business, will be lower than they are now as they keep falling, but the contribution from digital ads and especially subscriptions will be higher.

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