News Corporation: Initiation Of Coverage- Expansion of Digital & Professional Information Services & Key Factors That Could Unlock Shareholder Value! 

News Corp reported a modest 2% increase in annual revenue to nearly $8.5 billion, with total segment EBITDA improving by 14% to over $1.4 billion. This growth marks a record for the company in terms of profitability based on continuing operations. The rise in revenue and EBITDA also contributed to a 71% increase in net income from continuing operations, reaching $648 million. Free cash flow improved slightly to $571 million compared to the prior year, suggesting sound cash management even amid increased capital expenditures to bolster the expanding Professional Information Business at Dow Jones.