ADELAIDE: Rupert Murdoch’s News Corp media empire forecast yesterday an average annual earnings growth of 20% in the coming years, underpinned by a healthy pick-up in US television advertising.
Executive chairman Murdoch also said the company would consider increasing its tiny dividend payout – long a complaint of Australian shareholders – on the back of the earnings outlook and an absence of plans for further acquisitions this year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
