Media

Nov 22, 2017

A closer look at the frailty of News Corp’s ledger

News Corp's Australian assets appear to be doing well but the reality is much more complicated.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

News Corp shares jumped more than 4% last week (and are now up 32% so far in 2017). And it’s not because its September quarter earnings were the best for some time, but because eager beaver analysts reckon it might be a player in the coming consolidation of the struggling US media sector, after US regulators changed the rules.

That’s despite co-chair Rupert Murdoch telling last week’s News Corp annual meeting that digital advertising “has been tremendously damaging to print” and some of his papers were struggling. It also flies in the face of what Murdoch is doing at stablemate 21st Century Fox in tantalising rivals with the suggestion he could be selling assets.

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3 comments

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3 thoughts on “A closer look at the frailty of News Corp’s ledger

  1. brian crooks

    only a small percentage of the population of any of the country`s new s corp publish in or have T.V stations in now read or watch their programs and the circulation and viewer base has shrunken dramatically for the simple reason they are so biased, they preach to the converted only, consequently their market is very narrow, if you only sell a product to a very small market then you wont sell much, its a wonder the share holders have`nt woken to this and kicked him and his family out years ago, murdoch has lost much of his political influence and is less feared by politicians now, and I suspect he`ll get short shift from an incoming labor government, just as in the U.K , even the tories are deserting him.

  2. Bill Hilliger

    A closer look at the frailty of News Corp’s ledger. Did the News Crap ledger also show the $30MILLION gift of Australian taxpayer monies from the LNP government?

  3. AR

    The NewsCorpse’s ledger would be a great deal worse if governments (state & federal) would stop using it for job vacancies.
    No wonder the civil service is so busted if it is staffed by readers of the mudorc’s shit sheets.

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