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News Corp tops earnings expectations on strength at Dow Jones, real estate and book publishing units [Video]

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News Corp — owner of The Post and The Wall Street Journal — reported better-than-expected quarterly earnings on Wednesday, driven by growth in its digital real estate, Dow Jones and book publishing divisions.

News Corp CEO Robert Thomson touted the company’s “three pillars of growth,” which drove a 58% increase in profits for the second quarter.

The company reported $306 million in net income, or 38 cents a share, compared with income of $156 million, or 27 cents, the year prior. Adjusted earnings per share totaled 33 cents.

That $306 million in the second quarter was also more than double the $144 million net income the company reported last quarter.

News Corp beat second-quarter expectations due in part to strength at its Dow Jones, real estate and book publishing divisions. Christopher Sadowski

Quarterly revenue jumped to $2.24 billion from $2.14 billion a year earlier. Analysts expected EPS of 31 cents on revenue …

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Meta blocks Apple Intelligence on Facebook and its other iOS apps [Video]

Apple Intelligence was announced with iOS 18 and has been available since last October, when Apple released iOS 18.1 to the public. Although most apps provide support for Apple Intelligence features by default, developers can choose not to have them in their apps and it seems that Meta has decided to do so.