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 •  10/9/2024 Letter Continued (Full PDF)
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NWS Shareholder/Stockholder Letter Transcript:

Annual Report
2024

Move generated strong
growth in rental markets
in part due to the new
partnership with Zillow and
expanded into the seller
market with the launch of
the Listing Toolkit.
REA Group   s    agship site realestate.com.
au extended its leadership with an average
monthly unique audience of 10.8 million
people and 5.7 million exclusive monthly
visitors.

Dow Jones hit a pivotal milestone of over 50% of segment
pro   tability driven by the surging B2B business.
Fiscal 2024 was News Corp   s
second most pro   table year
on record.
News Corp announced a landmark multi-year
global partnership with OpenAI.

Paying streaming subscribers at Foxtel Group reached
3.2 million, up 5% year-on-year, with Kayo Sports
and BINGE achieving record highs.
Digital sales at Book
Publishing grew 9%,
driven by an 18% boost in
audiobook sales, fueled
in part by the new Spotify
partnership.

Wireless Group   s radio brands, including
talkSPORT, Virgin Radio UK and Times
Radio, hit record weekly reach of
6.8 million and best-ever listening
hours of 45.9 million.
The New York Post   s
digital network reached
117 million unique users
in June 2024, compared
to 145 million in the
prior year.
Total digital subscribers to News Corp Australia   s
publications grew approximately 5% to 1.12 million.
V2 - AUSE02Z01MA
$ 4 .00
MON DAY
April 22, 2024
PRICE INCLUDES GST
FREIGHT EXTRA
HARD TO
NEWS {P3}
SORRY   S
NOT ENOUGH
SWALLOW
Reynolds still heading for
court against Higgins
Into the fight
in contest
of ideas
Chinese
contamination
claims taint
Paris
swimming
build-up
Chris Uhlmann joins
The Australian {P23}
SPORT {P28}
Don   t blame me: radical preacher lashes Islamic leaders
EXCLUSIVE
ALEXI DEMETRIADI
NSW POLITICAL REPORTER
One of the nation   s most radical
Islamic preachers has said    don   t
blame me    for the stabbing of an
Assyrian Christian bishop in an
alleged terrorist incident but
claims the bishop hates Islam and
speaks against the prophet
Mohammad.
Abu Ousayd     also known as
Wissam Haddad     used an online
sermon on Friday to claim he and
his Al Madina Dawah Centre have
been blamed by mainstream Islamic leaders and the community
for last Monday   s terror incident.
   You want to push hate on to us
for no reason, with allegations that
have no proof,    Mr Ousayd said.
   Because you have a personal
agenda against us.   
NSW police on Thursday
charged a 16-year-old boy with
committing a terrorist act, alleging
he travelled 90 minutes to Wake-
Ousayd
Mar Mari
ley   s Christ The Good Shepherd
Church before stabbing Assyrian
Christian Bishop Mar Mari Emmanuel, as well as three others.
Mr Ousayd said he    did not
SLOW GLOBAL GROWTH TO HIT BUDGET
Jim carries
weight of
the world
PATRICK COMMINS
ECONOMICS
CORRESPONDENT
A deteriorating global economic
outlook may force a downgrade to
the nation   s growth forecast in the
May budget, as Jim Chalmers reveals Treasury is predicting weakening activity from Australia   s
major trading partners, including
China, Japan and the US.
The gloomier view will reinforce the Treasurer   s plans to
deliver a revamped fiscal and
economic strategy that will have
an    emphasis on security    centred
on Labor   s flagship Future Made
in Australia policy, while ensuring
that the new spending does not
add to still high inflation.
The Australian understands
Treasury is reviewing its December forecasts that Australia   s
economy will grow by 1.75 per cent
this financial year and 2.25 per
cent in 2024-25, with the slowing
growth of major trading partners
raising the prospect of a downgrade.
Sources said the likelihood of
lower domestic growth forecasts
in the budget would in part depend on US national accounts released between now and midMay.
With the growth challenge becoming more acute here and in
other advanced countries, Wednesday   s consumer price report
for the March quarter looms as
the most critical set of Australian
economic figures so far this year,
as worries grow that central banks
here and abroad may need to keep
interest rates higher for longer if
inflationary pressures prove more
persistent than hoped.
Dr Chalmers on Sunday
morning returned from a series of
sobering meetings in Washington
DC, where the message from assembled finance ministers, World
Bank officials and central bank
governors was of growing dangers
from a volatile world.
In the upcoming budget, he
will announce a major package of
Voters back Labor   s big
government plan, but
no reward for the PM

PRIMARY VOTE
SIMON BENSON
POLITICAL EDITOR
Mar
18-22
32
LABOR
37
COALITION
EXCLUSIVE
JOE KELLY
The Minerals Council of Australia
has warned against changes it
says will increase business costs
and harm productivity by granting union delegates    the right to
spend as much of their time at
The Australian does not suggest that is true, but that those
views were being aired in those
community circles.
The Australian is also not suggesting Mr Ousayd had any involvement     implicit or explicit    
with the teenager or the attack, reiterating that he himself claims he
has been wrongly blamed.
In his Friday sermon, Mr Ousayd said he    did not condone    the
teenager   s alleged actions, but criticised Bishop Emmanuel   s remarks about Islam, although
adding it did    not justify    what
happened.
   This is an individual (the bishop) who speaks against and hates
Islam, who speaks against the
prophet,    he said, adding that
Bishop Emmanuel knew he was
   antagonising    the Muslim community.    Words are harmful    
they stir up emotions in anyone
who believes in (Islam), and anyone who hears the insults would be
angered.
   He (the bishop) said himself
that he was willing to die for the
words he has said ... he said he
understood his words were causing anger and harm to the Muslim
community.   
In December, another of the
centre   s directors, Ye Ye, posted a
video taking aim at Bishop Emmanuel   s comments about Islam, and
in which he theologically    challenged    the bishop.
Titled the    Muslim Challenge
Bishop Mar Mari with Koran   , Mr
Ye said    the whole community
was waiting for you   , although the
video is short and does not stray
away from that theological    challenge    to the bishop.
Bishop Emmanuel has an ultraorthodox reading of Christianity,
often questioning the validity of
other faiths, particularly Islam.
   I don   t have a problem with
the Muslim people,    he said.
   But I   ve got a question mark
with the faith of the Islamic world.   
He has also said Mohammed
would    not greet    people at the
gates of heaven, and that he    rotted in a grave    and was dead.
Continued on Page 2
Comfort after the carnage: nation unites
in gratitude for hero of Bondi Junction
Apr
15-18
33
38
TWO-PARTY PREFERRED
LABOR
51
51
49
49
ALBANESE
48
48
DUTTON
34
35
COALITION
BETTER PM
A majority of voters have
backed Anthony Albanese   s
budget plan to use taxpayer
subsidies for renewable energy
projects and sovereign
manufacturing, despite
criticism that it was a return to
protectionism.
But the Prime Minister has
failed to convert support for the
new policy agenda into an
electoral benefit ahead of the
May budget, with the contest
between Labor and Coalition
remaining unchanged and Mr
Albanese   s approval ratings still
stuck in negative territory.
An exclusive Newspoll
conducted for The Australian
FULL TABLES P4
shows both major parties have
lifted a point in primary vote at
the expense of the Greens and
other minor parties or
independents.
The poll comes amid a news
cycle dominated by the
teen-terrorist attack and mass
stabbing murders in Sydney,
and war in the Middle East.
The Albanese government
last week also announced its
10-year defence strategy at a
Continued on Page 4
GETTY IMAGES, DAMIAN SHAW
Inspector Amy Scott is embraced at a vigil on Sunday evening for those killed at Bondi Junction; below, Anthony Albanese lights a candle
tax incentives and    significant   
new investments, most likely
under the banner of the Future
Made in Australia policy aimed at
building the foundations for a
more resilient economy and driving the net-zero transformation.
   Events in the Middle East are
casting a shadow over the global
economy, compounding concerns about lingering inflation
and weaker growth,    Dr Chalmers said barely three weeks out
from delivering Labor   s third budget.    The fraught and fragile
global outlook was a big feature of
the discussions in Washington
DC, and will be a big factor as we
put the finishing touches on the
budget.
   Given the global challenges
coming at us, the May budget will
put a premium on responsibility
and an emphasis on security.   
The expected downgrades to
the global growth outlook reflect
the impact of high interest rates,
as well as the uncertainty attached to the worsening Middle
East conflict and challenges to the
economy of Australia   s largest
trading partner, China.
The upcoming federal budget
will cut the estimate for Chinese
real GDP growth in 2025 by 0.25
percentage points to 4.25 per cent,
although Chinese growth in this
calendar year was lift by a quarter
of a percentage point, to 4.75 per
cent. The estimate for Japanese
growth in 2024 will be dropped by
a quarter of a percentage point to
0.75 per cent.
With the Chinese economy expected to expand by 4.25 per cent
in 2026, the updated estimates
mean Treasury will forecast
China   s growth rate will stay
below 5 per cent for three straight
years, which would be the weakest
Continued on Page 4
MORE REPORTS P4
EDITORIAL P12
Union bid to spare delegates work
EXCLUSIVE
condone    the attack or the boy   s
alleged action, and said the bishop   s comments about Islam were
   harmful ... anyone who heard
(them) would be angered   .
Mr Ousayd   s name was raised
last week among community
members who alleged the teenager had similar views to those
preached at the Al Madina Dawah
and could have been influenced by
it. An audio message was also circulating in which a local community leader alleged the boy   s mind
and views had    been poisoned   .
work engaging in union activities
as they please    while still being
paid. The MCA has taken aim at a
proposal before the industrial
umpire put by the Mining and
Energy Union, which calls for
union delegates to be freed from
   normal duties for the purpose of
the workplace delegate participating in bona fide union business   .
The MEU submission says
union business should include
preparing for, travelling to, attending and participating in collective bargaining meetings,
resolving workplace disputes, or
political lobbying relating to
members or potential members of
registered organisations.
FULL REPORT P4
COMMENTARY P13
ELIZABETH PIKE
A heroic police officer has been
embraced by a grateful nation as
the Prime Minister joined a
beachside vigil to remember those
lost in the Bondi Junction killings.
Inspector Amy Scott, who shot
Joel Cauchi dead after he killed six
people, was on Sunday again the
person everyone turned to     a beacon of light and bravery on a night
filled with sorrow and pain.
The police officer was
approached by tear-stricken
mourners and colleagues relieved
she could join them as the sun
went down over Bondi Beach.
Inspector Scott was composed
and gracious as she was greeted by
wellwishers and the grieving.
In many ways, she represented
all of the heroes of the stabbing
that shocked the nation a week
ago on Saturday: fallen security
guard Faraz Tahir and his colleague Muhammad Taha who
survived;    bollard man    Damien
Guerot; and the pair who took
Ashlee Good   s baby and rushed
her to safety.
There was another beacon of
light on Sunday night. As thou-
sands gathered with Inspector
Scott and Anthony Albanese to
pay tribute to the five women and
one man who died in the attack,
Dr Good   s nine-month-old baby
was cleared to leave hospital and
return home to the safety of her
family.
But the sorrow and the shock
of that dreadful Saturday at Bondi
Junction were still raw.
Candles were held for Dr
Good, 38; Dawn Singleton, 25,
daughter of millionaire businessman John Singleton; mother of
two Jade Young, 47; artist Pikria
Darchia, 55; Chinese student Yixuan Cheng, 27, and Mr Tahir, 30.
The Prime Minister led the
vigil, speaking of those who had
been lost and those whose lives
had been changed forever.
   We gather here to remember
them. Our candles held against
Yunupingu urges new generation of voices
EXCLUSIVE
PAIGE TAYLOR
INDIGENOUS AFFAIRS
CORRESPONDENT
Djawa Yunupingu is putting
the voice behind him and looking
to the future of Indigenous
Australia.
After months of reflection and
pain over the failure of the referendum to recognise Aboriginal
and Torres Strait Islander people
in the Constitution with a voice,
the rebuilding will begin, as it always would, at the annual Garma
Festival on the northeast Arnhem
lands of the Yolngu people.
The festival has grown from a
family barbecue to the premier
annual forum for Indigenous policy and cultural issues.
For two decades, prime ministers came to Garma to talk to the
iconic land rights leader known to
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his death only by his second name
Yunupingu.
Now Yunupingu   s younger
brother Djawa     one of the most
important Aboriginal cultural figures in the country     is at the helm
of the Yothu Yindi Foundation
Yunupingu chaired until his
death in April last year.
Djawa Yunupingu sees the festival as a forum for resetting and
renewal, and finding the new
Aboriginal leaders who can lead
PLUS
Subscribe to The Australian for complimentary access to
the Yolngu and all Indigenous
peoples to a brighter future.
   Many Australians are still
hurting after the vote, which followed years of hard work by
Aboriginal and Torres Strait
Islander leaders,    he told The
Australian.
   We have felt the fire of Australians who didn   t approve of our
proposals, who rejected us with
their own intensity. That is now in
Continued on Page 8
The Australian
the darkness. And we offer the
condolences of this community,
our city, our state and our entire
nation to all who loved them the
most,    Mr Albanese told the
gathering.
   We think of Inspector Amy
Scott who ran towards danger.
The security guards who made the
same courageous choice.
   The first responders who
acted with such speed and skill,
and the everyday people who
would never have imagined they
would face such a moment and yet
when that sternest test arrived,
their first instinct was to help
others at risk     people they did
not know.   
Thousands crowded the hill
Continued on Page 2
EDITORIAL P12
MEDIA P23
INDEX
WORLD P9-11
COMMENTARY P12-13
LIFE & TIMES P14
MEDIA P23-25
SECOND EDITION NO 18,507



 10/9/2024 Letter Continued (Full PDF)