News Corp has halved in value since spin off

Aaron PatrickSenior correspondent

Updated Nov 1, 2017 – 10.59am, first published at Oct 31, 2017 – 2.46pm

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Rupert Murdoch's decision to split his media empire four years ago has halved the value of News Corp's directly controlled businesses, which include its Australian newspapers, Foxtel, The Wall Street Journal and HarperCollins.

The $4.7 billion loss, which has been concealed by News Corp's investment in property-marketer REA Group, illustrates how global investors aren't convinced the once-pioneering Adelaide-founded media company can thrive in the digital era.

Aaron Patrick is the senior correspondent. He writes about politics and business from the Sydney newsroom.