Rupert Murdoch’s News Corporation has reported a 75 percent drop in full-year profit but sees opportunities ahead as it plans to take advantage of advances in generative AI.
The US-listed media group—which owns News Corp Australia, mastheads in the US and UK, book publishers and real estate advertising assets—recorded $US187 million ($A287 million) in profit for the financial year, down from the previous year’s $US760 million record.
