Looking through News Corp quarterly report, it a real pain that they do not show the Australian stuff separately but what I did notice was this comment that
Revenues for the second quarter of fiscal 2015 decreased $89 million, or 6%, compared to the prior year. Australian newspapers revenues declined 8% due to negative foreign currency fluctuations and modest advertising revenue declines.
Since the Australian dollar dropped about 16% relative to the US compared to the prior year, so I am confused what he is saying. In the quarter, the Australian dollar dropped about 4.5%, so maybe that is what he means. In any case, it appears that revenue from circulation in Australian dollars was probably stable.
