News Corp - Ordinary Shares - Class A

News Corp reported a 2% decline in total revenues for the third quarter of fiscal year 2023, an improvement from the 7% decline in the previous quarter.

The company's cost-cutting program is gaining traction, with a headcount reduction expected to yield over $160 million in annualized savings by the end of the year.

Dow Jones saw robust revenue growth, particularly in its professional information business, which reported a 38% increase in revenues. Digital subscriptions also grew by 9% at The Wall Street Journal and 10% at Dow Jones as a whole.