Realtor.com ‘proved the naysayers wrong,’ News Corp. CEO says

At a recent conference in Florida, News Corp. boss Robert Thomson talked up how acquisition has helped the company’s bottom line and offered his market perspective …

Should real estate fear the stock market tumble?

Inman spoke to economists on Tuesday to sort out the facts from the falsehoods and what real estate professionals and homebuyers can expect from the housing market leading into what most believe will remain a choppy few days ahead …

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 …