Rupert Murdoch’s News Corporation reported a 75% fall in full-year profit, with digital accounting for more than half of revenue

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

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.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading…