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News Corp heralds digital on way to $US1.4b loss
12 August 2018, 04:45 | Hattie Nash
News Corp worldwide reports $1.4bn net loss, but paid subscriptions rise
News Corp posted a 29% lift in full year revenue to $US2.69 billion.
Mr Thomson's comments pour cold water on speculation that News would become active in further consolidation in the Australian media landscape in the wake of the proposed merger of Nine and Fairfax.
Total revenue surged 30 percent to $2.69 billion, above estimates of $2.65 billion.
In its news and information services segment, News Corp's advertising revenue fell by US$76 million (or three per cent) in FY18, while circulation and subscription revenue increased US$105 million (or five per cent).
Hurricane Hector to pass just south of Hawaii
Hector's strongest winds are confined to about 40 miles from the eye and are not expected to affect the island. Hawaii County officials declared a precautionary state of emergency ahead of the storm.
News Corp said net loss available to shareholders narrowed to $372 million in the fourth quarter from $430 million a year earlier.
New Foxtel boss Patrick Delany, who took the reins in January in place of former chief executive Peter Tonagh, is set to launch new services next week after reporting that residential customer churn for cable and satellite was down over the quarter from 13.3 per cent to 12.5 per cent, while average revenue per customer declined 3 per cent over the same period due in part to the Company selling cheap Foxtel Now packages Vs a full home package.
The number of subscribers to Foxtel grew 2% to 2.8 million in the year to 30 June 2018.
"We saw meaningful operational improvements at the News and Information Services segment led by higher digital paid subscribers and disciplined cost initiatives, notably in Australia". He did not mention the group's titles in Australia, such as the Australian and the Herald Sun had performed, but the earnings report to the stock market said that digital subscriptions in Australia had increased to 415,600 from 363,600 the previous year.
"HarperCollins' success underscores the importance of intelligent editors and great writers in creating premium content. Algorithms are, as yet, unable to write empathetic, compelling books". At Subscription Video Services, the company will focus on launching new OTT products, 4K, the next generation of the IQ Box and managing its broadcast base.
Look up: Perseid meteor shower peaks this weekend
Friday and Saturday night, where visitors can look through the telescope to view Jupiter, Saturn, Mars, and potentially Venus. No special equipment is needed, but if you want the best view, it helps to be as far from artificial light as possible.
Discord to launch digital game store
Discord's store will be lead "more by friendships and playing together" rather "than what is now available in the ecosystem". It was confirmed via email by a representative that "all games [offered on the storefront] will be curated by Discord ".
Ikea opens its first Indian store in Hyderabad
Its first showroom will display more than 7,500 of its products, of which 1,000 will sell for less than 200 rupees ($2.91) apiece. At the Hyderabad store, it now has 8 female forklift drivers and has recruited around 100 girls from the DISHA pilot project.
Ryan Fox still in touch with US PGA Championship leaderboard
He reached the par-5 eighth hole in two shots and two-putted for a birdie to climb to four under and six shots off the pace. At the par-3 sixth he blasted out to 14 feet and sank the clutch par putt, then parred seven before the storm struck.
Annual Perseid Meteor Shower Coming This Weekend
A New Moon occurs on August 11 which will make the night skies ideal for meteor shower watching before and after the peak night. Last year, the meteor shower was more hard to see, as the moon was three quarters full.