News Corp.'s digital real estate segment "is on a clear path to reshape the character" of News Corp., with revenue from the unit -- which includes realtor.com operator Move and REA Group -- growing significantly in the first quarter of the fiscal year 2017 from the year before, according to News Corp. CEO Robert Thomson. "New products and pricing" for the division (including a new version of realtor.com's listing ad product) are slated for launch, he said in an earnings call. News Corp. reported a $15 million net loss on revenue of $1.97 billion for the first quarter of fiscal year 2017, as the company's book publishing and news and information divisions saw revenue declines. Total revenue was down about 2 percent from $2.01 billion a year earlier. But its digital real estate holdings remain a bright spot. Revenue from that segment increased 18 percent year-over-year to $226 million in the first quarter. Digital real estate properties The increase was driven "pri...
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