I probably need to clarify what I said previously about books.
Looking at their Q3 figures, they were able to increase the revenue for printed books in their publishing division.
My point was more to say that, like newspapers, as the growth of digital items is stronger, they should be able to improve their margins in their publishing division.
That's the trend we can see for their book publishing division, where the growth of operating expenses remains lower than the growth of revenues both on 3 months and 9 months.
Main reasons why I find News Corp interesting, page-3
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