News Corp: 2016 result

Management made a bold forecast for the Digital Real Estate division but there were also a couple of other bright spots in the 2016 results.

According to News Corporation’s management at the company’s 2016 results announcement, the Digital Real Estate Service division is ‘expected to become the biggest contributor to EBITDA in the future’. With an underlying 24% increase in earnings to US$273m for the 2016 financial year, it’s not an outlandish statement.

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