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News Corp slips $1.4bn into the red despite key mastheads being better read

on Aug 10, 2018 | 0 comments

By John Glenday

News Corp has fallen to a $1.4bn loss for the year 2017/18, over double its comparable losses for the previous year which stood at a more manageable $643m – although this year’s figures were skewed by a one-off $998m write down relating to the consolidation of Foxtel and Fox Sports in Australia.

The swathe of red ink came despite healthy digital subscriber growth led by The Times, Sunday Times and Wall Street Journal as well as successes at its property portal in addition to its book publishing unit.

Chief executive Robert Thomson said: “We also Read full story ›

Source: The Drum