News Corp cites Foxtel and REA Group as stand-out assets following record year

October 27, 2021 8:00

News Corp released its annual report for the year, and according to executive chairman, Rupert Murdoch, it was its “most profitable yet” with success is across each business.

This is despite the year being a been a “severe test for families, for countries and for companies” according to global chief executive Robert Thompson, due to the COVID-19 pandemic.

Overall, the global media company saw revenues in fiscal 2021 rise 4% and by 30% in the fourth quarter, indicating that the company is gaining in momentum, while profitability improved by 26% for the year.

Locally, the company closed or moved a number of its regional publications to digital-only offerings, in addition to making a large number of redundancies.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.