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News Corp heralds digital on way to $US1.4b loss
12 August 2018, 04:45 | Hattie Nash
Strong growth in the number of paid digital subscribers was recordedBRENDAN MCDERMID REUTERS
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).
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.
Tiger Woods highlights from Rd. 2 of the 2018 PGA Championship
Those birdies after his big blunder stood out to Finau, one of only 11 players to make the cut in all four majors this year. It is only the second time in major-championship history that two scores of 63 or better have been shot in the same round.
"Fiscal 2018 was a year of operational and transformational success at News Corp", said CEO Robert Thomson.
"We are seeing strong digital paid subscriber growth across many of our key properties, where digital subscribers now exceed print", CFO Susan Panuccio said on an earnings call August 9.
News says its revenue flows are now more global, digital and subscription-based.
News and Telstra in April combined their 50% interests in Foxtel and News Corp's 100% interest in Fox Sports Australia into a new company.
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With just two days and a session left in the Test match, England have done well to all but take an Indian win out of the equation. While Chris Woakes and Johnny Bairstow were tormenting the Indian bowlers, Kohli had to leave his troops to treat his sore back.
"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.
Man Utd: Jose Mourinho finds some harmony at last - Dublin
If you have round pegs in round holes, and all of them are doing the right job at the same time, then you are going to do well. It was Shaw, who just like Pogba has endured some tough times under Mourinho , who was the unlikely late hero for United .
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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.
"I like my players and my group"- Jose Mourinho
Mourinho was reportedly involved in bust-ups with Paul Pogba who was eventually dropped from the starting XI. Alderweireld was linked with a move to Manchester United throughout the transfer window.
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The France playmaker then continued to impress as the first half wore on at Old Trafford , leading his team-mates by example. With seven minutes remaining, he flicked the ball past a defender before sending a low left-footed strike into the net.