- Business
- News Corporation operates as a global diversified media and information services company headquartered in New York City and founded in 2013 following the spin-off of its previous incarnation. It primarily focuses on print and digital publishing, news media, digital real estate services, and book publishing. Its core products and services include premium business news and financial information through Dow Jones & Company, which publishes The Wall Street Journal; consumer and daily newspapers under News UK, publisher of The Sun and The Times; a broad portfolio of consumer books via HarperCollins Publishers; digital real estate platforms such as REA Group in Australia and Realtor.com in the United States; and cable television programming in Australia, notably through its Foxtel subsidiary. News Corporation operates mainly in the United States, Australia, the United Kingdom, and India.
Recent major changes include strategic workforce reductions, with a 5% cut announced across divisions in early 2023, and a leadership transition with founder Rupert Murdoch retiring from the board in November 2023, succeeded by his son Lachlan Murdoch. Financially, the company reported increased revenues driven by growth in digital real estate and book publishing segments, alongside ongoing exploration of strategic alternatives for Foxtel in response to third-party interest. News Corporation also appointed a new CFO effective early 2025 and continues to enhance its digital revenue streams, with digital sources comprising over half of total revenues by mid-2024. The company is engaged in portfolio reviews to maximize shareholder value while sustaining returns and operational efficiency across its media and information services businesses.
The firm targets a broad mix of readers, businesses, financial professionals, authors, real estate agents, and general consumers through its diversified media, publishing, and digital platforms. Its subsidiaries include Dow Jones & Company, News UK, News Corp Australia, REA Group, and HarperCollins Publishers, forming a comprehensive media ecosystem spanning print, digital, and broadcast formats. The company's strategic focus remains on authoritative content creation, digital innovation, and expansion of its real estate services and publishing operations in key global markets. News Corporation's operational framework encompasses editorial management, digital platform development, subscription and advertising sales, and technology infrastructure to support multi-channel content distribution and marketing solutions.
This profile reflects News Corporation's status as a leading multinational media and information services entity with a robust product portfolio and a recent strategic emphasis on digital transformation, leadership renewal, and operational optimization.