The top 5 takeaways from the real estate industry’s Q2 earnings

Zillow business shifts, Wall Street’s thoughts on profitability and a slow housing market were the biggest topics over the past two weeks., real estate services generated 2% revenue growth for News Corp.

Move and REA Group raked in $18 million, but increased investments in Opcity diminished News Corp.’s overall quarterly revenue by 8 percent, according to an earnings call Thursday. opening new Opcity tech hub in downtown Austin

Opcity, the real-estate lead generation platform owned by News Corp. subsidiary and operator Move Inc., will soon have a second office in Austin.

Ryan O’Hara, former Move Inc. CEO, tapped to lead Shutterfly

Less than a week after Ryan O’Hara announced his resignation from Move Inc., he already has a new executive job outside the real estate industry.

BREAKING: company’s CEO exits

Ryan O’Hara has been the CEO of Move Inc., a subsidiary of News Corp., since 2014. He’s leaving on June 18 and set to take another CEO role in another industry, the company’s announcement says.

RE/MAX Select is walking away from’s leads

RE/MAX Select, an East Coast real estate franchise with more than 200 agents, is severing its ties with’s lead generation platform after 17 years over what it says has been a deterioration of that business service since’s parent company Move, Inc. acquired lead referral platform Opcity nearly a year ago to bolster’s offerings. lays off Arizona sales team, consolidates in California

The team in Scottsdale had been working on’s lead generation and marketing products, which are geared toward real estate agents. Now, all those sales efforts at will be consolidated into an office in Westlake Village, California…

Industry veteran Russ Cofano to start team — on and off the court

A brush with death helped Russ Cofano decide to make a major career change. Now, he’ll work as a broker at Windermere Real Estate while fulfilling a dream to coach high school basketball.

News Corp. falls short on revenue, touts ‘healthy growth’ in real estate services

News Corp., the parent company of Move’s and Australia-based REA Group, beat analysts’ expectations Thursday, posting adjusted third quarter fiscal year 2019 earnings of 4 cents per share, compared to the consensus estimate of 1 cent per share. However, the company also reported a total revenue of $2.46 billion, which fell below expectations of $2.5 billion. operator Move Inc. latest to be hit with ADA lawsuit

A legally blind consumer has filed a federal civil rights lawsuit against News Corp. subsidiary and operator Move Inc., alleging the company’s websites discriminate against people with visual disabilities.