Soft listing volumes in the first quarter at News Corporation majority-owned local real estate business REA Group and slumping advertising revenue in its traditional publishing business have weighed on the Rupert Murdoch-controlled company's earnings.
For the first quarter of the 2016-17, News Corp segment earnings before interest tax, depreciation and amortisation fell $US35 million, or 21 per cent, to $130 million.
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Max Mason covers insolvency, courts, regulation, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max's journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
