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News Corporation has reported a rise in revenue for its latest quarter, driven primarily by strong performances at its Dow Jones & Company and real-estate services divisions. The media conglomerate pointed to these key segments as major growth engines offsetting challenges in other areas.
The company highlighted that Dow Jones, publisher of The Wall Street Journal, achieved its highest quarterly revenue since its acquisition by News Corp. This success was attributed to robust growth in both digital subscriptions and corporate product subscriptions. Meanwhile, the real-estate services arm, which operates Realtor.com and various international sites, also posted significant gains.
In a statement, the company's Chief Executive pointed to "favorable signs" for the advertising market and broader economic landscape as reasons for optimism heading into the second half of the fiscal year. The positive results from these core businesses helped mitigate softer conditions reported within its book publishing and news media segments in certain markets. This performance underscores a strategic shift where digital and professional information services are becoming increasingly central to the company's financial health.
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