Murdoch’s bet on newspapers pays off: once silted, the river is flowing again

Original article by Darren Davidson
The Australian – Page: 22 : 7-Nov-14

The first quarter 2014-15 net income of Australian-listed media group News Corporation has come in at $US65m ($A75m), up from $US27m previously. Revenue also grew 4% to reach $US2.15bn, and EBITDA rose 21% to $US170m. While the revenue of the print assets across the globe fell 3% to $US1.45bn, this was compensated for by the good performance of new digital ventures. The 62% stake held by News in online real estate classifieds business REA Group was a factor. On 6 November 2014 News stock closed $A1.12 higher at $A18.08

CORPORATES
NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, REA GROUP LIMITED – ASX REA, MOVE INCORPORATED, HARLEQUIN MILLS AND BOON, CITIGROUP PTY LTD

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