News Corp, the media conglomerate controlled by the Murdoch family, reported a successful fiscal year with total revenue reaching $9 billion, a 7% increase compared to the previous year. The company’s financial growth was primarily driven by its business-focused Dow Jones unit, alongside strong performances in its book publishing and digital real estate assets.

Despite these gains, the company’s news media division underperformed. Financial disclosures revealed that advertising revenue for the news division fell by 2%. Furthermore, the company highlighted a specific struggle within its Australian operations, where digital subscriber numbers have seen a notable slide. While the global business remains profitable due to its diversified portfolio, the core news media segment continues to face challenges in maintaining its subscriber base and advertising income in the Australian market.