News Corp logo at its headquarters in Sydney
(Image: AAP/Dean Lewins)

Books: good. Digital real estate: better. Wall Street: yummy.

But the rest of News Corp’s assets (Australian and UK newspapers and the floundering Foxtel) were financial millstones in the September quarter as the Murdoch family's media group reported a much stronger start to the new 2020-21 financial year than it started 2019-20.

Foxtel and the Australian newspapers' revenues fell. The Australian papers saw a 20% slump in revenues for the quarter, according to the News Corp report.