News Corp revenue rises on real estate and publishing growth

Dow Jones reported a 30% rise in digital advertising revenue, which the company said marked the fastest year-over-year growth in a decade. That was partially offset by a 25% decline in print advertising revenue.

On Wednesday, News Corp announced it had completed a transaction to acquire financial news and research publisher Investor’s Business Daily for $275 million. The company will become part of the Dow Jones unit.

News Corp in February announced a deal with Alphabet Inc.’s Google to license content to the tech giant, similar to an arrangement in place with Facebook Inc. Mr. Thomson said the deals were part of an effort to "to reset the terms of trade for premium journalism."






https://www.foxbusiness.com/markets/news-corp-revenue-rises-on-real-estate-and-publishing-growth







For those who follow news related to finance, markets, and money, this is good news. The markets are doing really well. This company involves many outlets that cover news related to financial news.

 

I didn’t know that Dow bought Investors Business Daily until I read this news article.