The stronger results that News Corp. reported for the fourth quarter (ended June 30) were driven by contributions from Australian pay TV company Foxtel, which it bought earlier this year, and continued growth in its digital business, according to company executives.
The growth was partially offset by lower print advertising revenues at the news and information services segment. Adjusted revenues (which exclude the foreign currency impact, acquisitions and divestitures) increased 5%.
The company reported Foxtel's subscribers at the end of the year were approximately 2.8 million, higher due to the launch of Foxtel Now.
Total revenue in News Corp.'s Subscription Video Services business, which includes Foxtel and Fox Sports Australia, soared to $610 million from $140 million.
Robert Thomson, chief exec of News Corp, still described the year as an "operational and transformational success" as the company switched the flow of its revenues to being digital and subscriber based.
Rupert Murdoch's News Corp. fell the most in more than five years after the company said it will invest more in its Australian cable network.
Ford Mustang Hits Major Milestone with 10-millionth Unit But Mustangs soon will be one of only two passenger cars from Ford - along with a crossover Focus - sold in North America. Ford is celebrating a massive milestone after its 10,000,000th Mustang rolled off the production line in MI yesterday.
Perseid meteor shower best seen next weekend You don't need any equipment to view the shower, it is best watched unobstructed by telescopes or binoculars. The best way to see the Perseids is to go outside between midnight and dawn on the morning of August 13th.
"I've just returned from Australia and it's fair to say with Patrick Delany you have a new team, a new mood, a new momentum", Mr Thomson said. As a effect, the company is focused on driving higher penetration of digital paid subscriptions, particularly in Australia and at News UK in fiscal 2019.
Digital revenues represented 30% of News and Information Services segment revenues in the quarter, compared to 26% a year ago. We generated strong revenue and Segment EBITDA growth in the Digital Real Estate Services and Book Publishing segments, which, together with the consolidation of Foxtel, drove over $1 billion in profitability for the year.
The swathe of red ink came despite healthy digital subscriber growth led by The Times, Sunday Times and Wall Street Journal as well as successes at its property portal realestate.com in addition to its book publishing unit.
"Digital Real Estate Services continue to flourish and we expanded into meaningful adjacencies, broadening our audience and our revenue sources".
"News Corp is now a more substantial company after the Foxtel transaction, with a much higher percentage of recurring, subscription-based revenues, which should help offset a volatile advertising environment".
Thomson said a new sports OTT streaming product, which is due to roll later this year, would help drive subscriptions and a Foxtel IPO is still on the cards.
It's also possible Musk has some unconventional plan that would take Tesla private without using traditional sources. A SpaceX spokeswoman declined to comment on its shareholders, future or current investors, or its capital structure.
The military said Palestinians hurled "explosive devices and firebombs" and in one instance a grenade at Israeli soldiers Friday. A wounded Palestinian girl is brought into al-Shifa hospital on August 9, 2018, following an Israeli airstrike on Gaza City.
China said on Wednesday that it will impose 25% tariffs on an additional U.S. $16 billion worth of American good from Aug 23. Beijing has stepped up efforts, so far without success, to recruit governments including Germany and France as allies.
In addition, since J35 has just given birth, she "may have extra lipid stores built up" that were preparing her body for nursing. While he is part of the core veterinarian team trying to save the whale, it was the first time he'd seen the animal in person.
Pogba who joined the Manchester United setup just four days before the match, never looked like he missed pre-season friendlies. The Englishman had a fine game in the Premier League's first match of the season and played his part in the 2-1 win.
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And the impressive victory was achieved with 10 of the same players who could not get Leeds into a top half finish last season. Leeds, after two incredible wins under Bielsa, are now favourites to win the league themselves.
After the 36-hole cut is made, the third round will be played in threesomes going off both the first and 10th tees. Lowry was three under par for the first ten holes of his second round when play was suspended by rain yesterday.
President Tayyip Erdogan told Turks not to panic - but paradoxically urged them to buy lira to fight an " economic war ". Following the tweet, Turkey responded by imposing duties on $1.8 billion in USA goods including coal and paper.
Discounts for seasoned drivers will be extended to reflect up to 40 years of experience, up from the current limit of nine years. It is built around ensuring the vehicle rather than the driver and allows discounts to drivers despite multiple crashes.
Comedians mock the idea and senior members of the military are skeptical, but that has not deterred the commander in chief. This might require legislative support because Congress sets a limit on the number of assistant secretaries of defense.
Premier League Top 5 Summer Transfers
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Discord Targets Steam With New Online Game Store
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NASA sees major Hurricane Hector moving south of Hawaii
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Nintendo Switch Online Launches in ‘Second Half’ of September
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Partial solar eclipse set to happen on August 11
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