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News Corp reports a 71% jump in net income to $648M, despite a 4% drop in news media revenue.
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.
Despite a 4% drop in news media income, net income from continuing operations soared 71% to $648 million.
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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News Corp informa un salto del 71% en los ingresos netos a 648 millones de dólares, a pesar de una caída del 4% en los ingresos de los medios de comunicación.