News Corporation’s digital real estate services took a hit last quarter, with earnings down and CEO Robert Thomson signaling that another round of cost cutting measures were in store. News Corp. reported real estate a 4 percent decline in revenue, to $261 million from $272 million in the same period last year. Company-wide, revenue dropped 8 percent to $2.27 billion, attributed in part to the economic fallout from the coronavirus. “Digital real estate was showing
source https://therealdeal.com/2020/05/08/news-corp-s-digital-real-estate-revenue-slides/
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