News Corporation is a global diversified media and information services company. It creates and distributes authoritative and engaging content and other products and services to consumers and businesses worldwide. The company operates across media including information services and news digital real estate services and book publishing under well known brands such as The Wall Street Journal Barron’s Dow Jones The Australian Herald Sun The Sun The Times HarperCollins Publishers realestate.com.au Realtor.com talkSPORT and many others.

News Corporation generates revenue through recurring subscriptions circulation sales advertising sales sales of real estate listing products licensing fees and other consumer product sales. Its diversified revenue base includes subscriptions to news and information services circulation of newspapers and magazines advertising on its platforms fees from real estate advertising and lead generation licensing of content and data and sales of print and digital books.

The company operates through the following segments Dow Jones Digital Real Estate Services Book Publishing News Media and Other.

• Dow Jones is a global provider of news and business information that distributes content through owned and off platform media channels such as websites mobile apps newspapers newswires newsletters magazines proprietary databases live journalism video and podcasts. It serves individual consumers and enterprise customers with products including The Wall Street Journal Barron’s MarketWatch Investor’s Business Daily Dow Jones Risk & Compliance Dow Jones Energy Factiva and Dow Jones Newswires. Revenue comes from business to consumer and business to business subscriptions circulation advertising licensing fees and participation fees for live journalism events.

• Digital Real Estate Services consists of News Corporation’s 61.4 percent interest in REA Group and its 80 percent interest in Move. REA Group is a market leading digital media business specializing in property advertising and services and financial services operating websites such as realestate.com.au realcommercial.com.au and Flatmates.com.au and providing PropTrack data services to the financial sector. Move operates Realtor.com a premier real estate information advertising and services platform in the United States offering property listings lead generation referral services media products and the Avail platform for landlords and tenants.

• Book Publishing comprises HarperCollins the second largest consumer book publisher in the world by global revenue. HarperCollins publishes and distributes consumer books in print and digital formats owns more than 120 branded imprints and publishes works by well known authors and global brands. Revenue is derived from the sale and licensing of print and digital books to global technology companies traditional brick and mortar booksellers wholesale clubs discount stores and other retailers.

• News Media includes News Corp Australia News UK and the New York Post as well as Wireless Group operator of talkSPORT Virgin Radio Australian News Channel which runs Sky News Australia and Storyful a social media content agency. The segment generates revenue principally from circulation and subscription sales of print and digital products sales of print and digital advertising and licensing fees.

• The Other segment covers the company’s general corporate overhead expenses strategy costs and costs related to the U. K. Newspaper Matters.

News Corporation holds a strong position in the global media and information services industry supported by its portfolio of iconic brands and its diversified operations across news information real estate and book publishing. In the news and information space the Dow Jones segment competes with digital media outlets print publications and information service providers such as Reuters RELX Refinitiv S&P Global DTN and Argus Media. The digital real estate services business faces competition from other real estate focused technology companies in Australia the United States and India. HarperCollins contends with major publishers including Penguin Random House Simon & Schuster Hachette Livre and Macmillan for author titles and market share. The News Media segment competes with other newspaper radio and digital news providers in its principal markets of Australia the United Kingdom and the United States. Competitive advantages stem from the company’s powerful brand recognition its global audience scale its proprietary technology and data capabilities and its ability to monetize content through subscriptions advertising and licensing across multiple platforms.

News Corporation serves a varied customer base that includes individual consumers business clients advertising agencies real estate agents and property developers financial professionals investors and retailers. Specific customers named in the filing include Amazon Apple Barnes & Noble Tesco Bloomberg London Stock Exchange Group FactSet and the National Association of Realtors.