News Corp results disappoint market
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.News Corporation, Rupert Murdoch's media conglomerate, disappointed the Australian market after posting lower than expected results for the year to June, But the company softened the blow by announcing a good performance of some of its key UK and US operations and its intentions to buy back some of its preferred limited voting stock. One analyst said the results were "very disappointing".
The company reported a 2.5 per cent rise in underlying net profits to A$1.295bn (pounds 602m). UK newspapers such as The Times exceeded expectations, but the HarperCollins publishing division reported an abnormal loss of A$575m because of restructuring costs.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments