Lawsuit accuses realtor.com of defrauding agents

In an emailed statement, realtor.com spokesperson Janice McDill told Inman: “The allegations are without merit, and we will defend the case vigorously…” …

News Corp profits ‘powered by’ digital real estate services

As revenue lowers in the company’s news and information services sector, its digital real estate services continue to bolster its earnings; digital real estate was responsible for nearly 40 percent of News Corp’s profits for fiscal …

News Corp. reports break-even quarter with $1.98B in revenue

News Corp., the global company that owns and operates realtor.com through its subsidiary, Move Inc., showed a 3-percentage-point loss in revenue over the past nine months for its news and information services — but it’s no doubt pleased with the perfo…

News Corp board of directors welcomes former Senator Kelly Ayotte

Former Republican senator Kelly Ayotte has joined the News Corp’s board of directors, effective immediately, replacing Elaine Chao, who resigned from the board upon her confirmation as secretary of the United States Department of Transportation …

News Corp. sees revenue growth in digital real estate portfolio

News Corp. — which owns realtor.com operator Move — reported revenue of $2.12 billion in the second quarter of fiscal year 2017, down from $2.16 billion a year earlier. …

PropTiger, housing.com merge to form real estate powerhouse in India

PropTiger and housing.com in India are merging after several years of turmoil at housing.com, and the new entity will become India’s largest online real estate services company, the companies announced Tuesday …

Morgan Stanley valued realtor.com at $2.5 billion: News Corp.

Morgan Stanley estimates realtor.com is worth $2.5 billion, News Corp. CEO Robert Thomson said in a recent interview. That’s more than double the $950 million that News Corp. paid for the listing portal’s owner, Move Inc., two years ago …

News Corp. reports $15 million loss in latest quarterly earnings

Despite another quarter’s solid performance from digital real estate holdings at News Corp. — which include realtor.com, operated by News Corp. subsidiary Move, Inc. — the corporation reported a $15 million loss for the first quarter of fiscal year …

Realtor.com lets Elizabeth Banks brag about your new home

When Move Inc. hired Elizabeth Banks as the celebrity spokeswoman for realtor.com, the actress, producer and director set to work using humor to guide first-time buyers through the often-stressful experience of purchasing a home. Now, new homeowners or…

How big media thinks about the real estate opportunity

News Corp. is one of the biggest media companies on the planet — and it has its fingers firmly in the real estate pie since it acquired Move Inc., which operates realtor.com, in 2014. …