News Corp’s Digital Real Estate Business Boosts Overall Revenue

Who knew real estate sites could be so profitable? Aside from News Corp, we mean.

Backed by a booming digital real estate business, News Corp reported a five percent increase in revenue for the fourth quarter compared to last year.

In its earnings report, News Corp said overall revenue jumped from $2.12 billion last year to $2.23 billion. That was thanks in large part to the company’s real estate business, which saw revenue jump 21 percent, to $229 million.

Another bright spot for News Corp was its book publishing unit, which includes the powerhouse HarperCollins. Revenue at the division increased by 11 percent, to $433 million.