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News Corp recovers from horror year with $445m profit

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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.

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