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News Corporation..

( ASX:NWS ) - Media & Entertainment

News

News Corp Distances Itself From Ailing Print

News Corp is undergoing its most radical change since the split of June 2013 as digital subscriptions in newspaper and from the newly merged Foxtel/Fox Sports business becomes the most important revenue and profit driver, supported by the company’s growing digital real estate operations in Australia and the US.

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Analyst Views

NWS – Citi rates the stock as Buy

News Corp's Q2 report was better-than-expected, on underlying assessment, with growth at REA Group ((REA)) expected to slow, but Citi analysts consider this a temporary revenue dip only. The Q2 result was heavily dominated by full consolidation of Foxtel, point out the analysts.

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