10 new cases recorded in QLD

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Rupert Murdoch’s News Corp has swung back into profit this year after a horror loss last year that was driven by the plunging value of its troubled Foxtel pay TV business and falling newspaper revenue.

The company declared a profit of US$330m for the year to the end of June, compared to a loss of US$1.26bn last year.

Chief executive Robert Thomson said content deals struck with Google and Facebook would significantly boost News’ revenue.

“These deals, which are confidential, will add revenue annually into nine figures and are a profoundly positive sign of the ongoing transformation of the news landscape,” he said.

News said revenue was up 4% for the year, fuelled by a 31% increase in revenue from real estate ads – it owns US property sites including realtor.com and a majority stake in REA Group, the operator of Australia’s realestate.com.au – and a 10% increase from higher subscriptions to streaming services including sports offering Kayo.

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Four new cases in Victoria

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Post source: Guardian

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