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News Corp. sees revenue growth in digital real estate portfolio

02/10/2017

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Digital real estate services are “well on their way” to becoming News. Corp’s largest profit-driver, Chief Executive Robert Thomson said in the company’s second quarter earnings statement for fiscal year 2017.News Corp. — which owns realtor.com operator Move  — reported revenue of $2.12 billion for the quarter, down by 2 percent from $2.16 billion a year earlier.The media giant posted a loss of $290 million for the quarter compared to a profit of $62 million a year ago. The loss stemmed in large part from a write-down of the value of News Corp’s Australian media propertie

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