Foxtel, Australian newspapers financial millstones in News Corp accounts

News Corp logo at its headquarters in Sydney

News media — dominated by the Australian newspapers and including the UK papers — revenues fell US$280 million, or 37% compared to the previous year. In this morning’s briefing call, not a question or comment on the US election results and how they may impact News from the analysts or the News Corp executives, CEO Robert Thomson and CFO Susan Panuccio.

Foxtel, Australian newspapers financial millstones in News Corp accounts