Good News on Revenue Comes at a Cost
We expected a subdued fiscal 2018 third-quarter result from News Corporation, as it was cycling bumper 29% earnings growth a year ago. Still, the 15% year-on-year decline in normalised EBITDA to USD 184 million was underwhelming, driven by an 8% lift in costs. This was the largest expense increase since the group was spun off from Fox in 2013 and flies in the face of recent cost-cutting initiatives.Perhaps this was the reason for the solid 6% rise in third-quarter revenue to AUD 2.1 billion. Wh...
News is a media and information services company. The company comprises businesses across a range of media, including news and information services, subscription video services in Australia, book publishing and digital real estate services, that are distributed under brands, including The Wall Street Journal, Dow Jones, The Australian, Herald Sun, The Sun, The Times, HarperCollins Publishers, Foxtel, FOX SPORTS Australia, realestate.com.au, realtor.com?, talkSPORT and others. The company distributes its content to consumers across platforms consisting of print and television, as well as digital platforms including websites, applications for mobile devices and tablets, social media and e-book devices.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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