Advertising revenue at division that includes the Australian, Daily Telegraph and Herald Sun down 5%
Follow our Australia news live blog for latest updates
Sign up for Guardian Australia’s free weekly media newsletter here
Revenue generated from News Corp’s global newspaper mastheads has fallen sharply, including in Australia, weighing down an otherwise positive financial result.
Rupert Murdoch’s media conglomerate continues to generate large wads of cash from its digital real estate arm but advertising revenue at News Corp Australia, a division that includes the Australian, the Daily Telegraph and the Herald Sun, was down 5% over the past financial year to US$343m (A$530m).
Sign up to get Guardian Australia’s weekly media diary as a free newsletter
Continue reading...Source: Guardian - World News
