Rupert Murdoch’s News Corp says confidential content deals with Google and Facebook will significantly boost revenue
Rupert Murdoch’s News Corp has swung back into profit this year after a horror loss last year driven by the plunging value of its troubled Foxtel pay TV business and falling newspaper revenue.
The company declared a profit of US$330m (A$445m) for the year to the end of June, compared to a loss of US$1.26bn last year.