You are here: Home » Reuters » News
Business Standard

News Corp profit beats on digital real estate unit strength

Reuters 

(Corrects to say expenses fell to $1.15 bln, not $1.14 bln, in paragraph 6, and total revenue rose 4.7 pct, not 4.5 pct, in paragraph 10)(Reuters) - Wall Street Journal owner News Corp reported a better-than-expected quarterly profit on Thursday, driven by a tight control on expenses and growth in revenue across all its businesses.News Corp said revenue in its rapidly growing digital real-estate unit, which includes REA Group Ltd, rose nearly 20 percent to $271 million. Increased competition from digital media and a declining readership is driving print advertising down. Spending on print ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, November 11 2017. 06:40 IST
RECOMMENDED FOR YOU