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flag News Corp reports a 71% jump in net income to $648M, despite a 4% drop in news media revenue.

flag News Corp reported a 2% rise in full-year revenue to $8.5 billion, fueled by digital expansion and strong performance in its Dow Jones and REA Group segments. flag Despite a 4% drop in news media income, net income from continuing operations soared 71% to $648 million. flag CEO Robert Thomson credited editorial creativity and cost consciousness for improved profitability, while acknowledging declines in some digital subscriber numbers and the threat of artificial intelligence to intellectual property.

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