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The Guardian - AU
The Guardian - AU
Business
Jonathan Barrett Business editor

News Corp’s Australian newspaper revenue falls as CEO warns Trump of AI’s ‘art of the steal’

News Corp Australian United States Australia Robert Thomson Rupert Murdoch Sun Dow Jones
A collection of News Corp’s Australian newspapers
A collection of News Corp’s Australian newspapers. Financial results released on Wednesday show advertising revenue has fallen. Photograph: Darren England/AAP

Revenue generated from News Corp’s global newspaper mastheads has fallen sharply, including in Australia, weighing down an otherwise positive financial result.

Rupert Murdoch’s media conglomerate continues to generate large wads of cash from its digital real estate arm but advertising revenue at News Corp Australia, a division that includes the Australian, the Daily Telegraph and the Herald Sun, was down 5% over the past financial year to US$343m (A$530m).

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