Rupert Murdoch’s News Corporation reported a 75% fall in full-year profit, with digital accounting for more than half of revenue
- Follow our Australia news live blog for latest updates
- Get our morning and afternoon news emails, free app or daily news podcast
Rupert Murdoch’s News Corporation has reported a 75% drop in full-year profit but sees opportunities ahead as it plans to take advantage of advances in generative AI.
The US-listed media group – which owns News Corp Australia, mastheads in the US and UK, book publishers and real estate advertising assets – recorded $US187 million ($A287 million) in profit for the financial year, down from the previous year’s $US760 million record.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
