Real Estate, Digital Platform To Shape The Future For News Corp

Multinational mass media company News Corp reported first quarter fiscal 2016 earnings that came in below expectations, as total revenues declined 4% year on year (y-o-y) to $2 billion. However, the company is on track in its transition to a higher-growth business that is more reliant on digital platforms. The expansion of the digital real estate operations, with acquisitions such as realtor.com, should be a strong source of growth for the company. In the bigger picture, News Corp is trying to incorporate its traditional revenue sources into the contemporary business environment.
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