Profits dive at News Corp as media group hints at AI future plans
Rupert Murdoch’s News Corporation reported a 75% fall in full-year profit, with digital accounting for more than half of revenue
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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.
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