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Aug 10 (Reuters) - News Corp reported a 9% drop in fourth-quarter revenue on Thursday, hurt by weakness in its digital real estate services unit and lower corporate spending on advertisements amid high inflation.
High interest rates have been a drag on home buying in News Corp's key markets in Australia and the United States, hurting its real estate information platforms, which display property listings.
Shares of the Rupert Murdoch-controlled company, which has b...
>>> Read more: UPDATE 1-News Corp reports 9% fall in quarterly revenue
Aug 10 (Reuters) - News Corp reported a 9% drop in fourth-quarter revenue on Thursday, hurt by weakness in its digital real estate services unit and lower corporate spending on advertisements amid high inflation.
High interest rates have been a drag on home buying in News Corp's key markets in Australia and the United States, hurting its real estate information platforms, which display property listings.
Shares of the Rupert Murdoch-controlled company, which has b...
>>> Read more: UPDATE 1-News Corp reports 9% fall in quarterly revenue
