How real estate is carrying News Corp while Binge fades

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Yesterday marked the unofficial mid-point of global financial reporting season. News Corp, dual-listed on the stock exchanges of New York and Sydney, was among the last of the US-based companies to release its 2022 financial year results, but a couple of weeks ahead of its Australian-listed competitors.

The market understandably liked News Corp’s results. The company share price blipped upwards by about 5% yesterday, although it’s still down by about 20% for the year to date.