This presentation may include certain forward looking information. Actual results could differ materially from what is said due to risks and uncertainties. For more details, please refer to News Corporation's SEC filings, which identify risks and uncertainties that could cause actual results to differ and which contain cautionary statements about forward looking information. This presentation may include certain forward looking information. Actual results could differ materially from what is said due to risks and uncertainties.
For more details, please refer to News Corporation's SEC filings, which identify risks and uncertainties that could cause actual results to differ and which contain cautionary statements about forward looking information.
Good morning, ladies and gentlemen. I'm Rupert Murdoch, Executive Chairman of News Corporation. It's my pleasure to welcome you to the 2019 Annual Meeting of Stockholders of Neuse Corporation. Before calling this meeting to order, I hope you'll permit me to make just a few remarks, the performance of the company and our aspirations for the future. Now entering our 7th successful year, News Corp is an increasingly digital and global company, defined by unparalleled premium content and market leading and multiplatform brands.
From Dow Jones, The Wall Street Journal and The Times of London to our growing digital property platforms, realtor.com and REO and one of the leading publishers, HarperCollins. News Corp is a uniquely influential media company. We remain, I think, at the forefront of technological and creative innovation with groundbreaking digital membership and subscription models for our masters and channels, the embrace and expansion of radio and a robust leadership in the digital property sector. We're well positioned to take advantage of the world's growing appetite for quality content, data and audiences. We'll continue to fight, as we have for years, for the protection of intellectual property and for the proper recognition of journalist value by digital distributors.
And we've seen progress in that type as some of the tech platforms, most recently Facebook, have begun to respect and reward our geographies. We remain focused on maintaining strong financial results through disciplined financial policies, strategic reinvestment and leveraging the links between our global business, premium brands and audiences. As we work to optimize our portfolio and simplify the structure of the company and continue to create and distribute premium content, we expect to generate increased profitability and shareholder value. I'd now like to call to the podium Robert Thompson, who will share some remarks of his own. Thank you.
Thank you, Chairman. News Corp completed fiscal 2019 in a robust position with revenues increasing 12% and profitability rising 16% compared to the preceding year, reflecting the consolidation of Foxtel, a buoyant year in book publishing and digital real estate services and substantial progress in the digital transformation of our news and information services businesses. We are now acutely focused on simplifying the structure of the company and thus making clearer the full value of the sum of our parts. To that end, we have announced a strategic review of News America Marketing and Unruly, including a potential sale of both businesses. There is patently a shift underway in the content landscape and a transfer of value to content creators by digital distributors.
News Corp has been advocating vigorously on behalf of journalists and intellectual property, and that sustained, sometimes solitary advocacy has begun to pay dividends. Our deal with Facebook is a modest first step, and there is much work to be done to further enhance the terms of digital trade. In fiscal 2019, the News and Information Services segment posted higher profitability. The Wall Street Journal, The Times and Sunday Times and The Australian all grew subscriber volumes substantially with digital now accounting for the majority of subscribers. The Wall Street Journal recorded 14% growth in digital only paid subscribers in fiscal 2019.
And in the Q1 of the current fiscal year, they accounted for over 70% of total subscribers. Circulation revenue at Dow Jones flourished, rising 7% for the year, well above that of the competition. An important driver at Dow Jones has been risk and compliance, which grew 24% for the full fiscal year to exceed $130,000,000 in revenues. That business has more than quadrupled in size since the 2013 separation as more companies concentrate on maximizing compliance and minimizing risk. In the U.
K, in constant currency, The Times grew print advertising revenues for the 2nd consecutive year. Digital paid subscriptions at The Times and Sunday Times expanded 19 percent to 304,000. In August, regulatory approval was received for the 2 publications to share resources without undermining their distinct and unique identities. Meanwhile, in Australia, digital subscriptions exceeded 517,000 in fiscal 2019, up 24% year on year. At the New York Post, decisive action was taken to raise revenues by increasing cover prices.
The Post digital network reached 101,000,000 unique users per month in the Q4 according to Google Analytics, and digital advertising revenues at the Post grew 31% in the most recent quarter. In subscription video services, the combination of Foxtel and FOX Sports Australia was completed in 2018. And throughout fiscal 2019, the new business focused on delivering premium content and rapidly expanding its streaming services. By fiscal year end, Foxtel's total paid subscribers grew 12% to approximately 3,100,000 led by the success of the new sports streaming product Kayo, which exceeded 330,000 paid subscribers. That number has risen to 402,000 paid subscribers this month.
At Digital Real Estate Services, despite blustery housing market headwinds, both REA and realtor.com strengthened their competitive position. There are signs of improvement in the U. S. Housing market and realtor.com traffic reached record levels for the Q4 with far faster growth than its main competitor. Last year, Tracey Fellows became President of Global Digital Real Estate, underscoring our commitment to the sector, which has been an engine of growth since 2013.
Over that time, segment revenues have tripled through a combination of rapid growth at REA and acquisitions in the U. S. And Asia. In book publishing, HarperCollins thrived with audiobook revenues rising 40% in fiscal 2019. In total, profitability rose 6% on exacting comparisons, which included significant non recurring benefit in the prior year.
We are surely entering an era in which our trusted news, information and entertainment is increasingly sought by platforms, partners, advertisers and audiences globally. We intend to make the most of that emerging opportunity for the benefit of all our shareholders. Thank you.
I'll now call the meeting to order. I'd first like to introduce our directors and members of our management. I will say with me, our General Counsel, David Petoskey Chief Executive Director, Mr. Robert Thompson my co chairman, Mr. Lochlan Murdoch the Lead Director and Chairman of the Audit Committee, Mr.
Peter Barnes Chairman of the Nominating and Corporate Governance Committee, Mr. Jose Maria Aznar Chairman of the Compensation Committee, Mr. Najwa Siddiqui and our Chief Financial Officer, Mr. Soudin Panjie. Directly seated in the front are Ms.
Kelly Ayotte, Ms. Natalie Bancroft, Mr. Joel Klein, Mr. James Murdoch and Ms. Anna Paolo Pessella.
Also present are Ms. Krishnan and Mr. Hobson of Ernst and Young, the company's independent registered public audit company. In accordance with the company's filings, the Board has appointed Mr. Reid from American Election Services as the independent Inspector of Election for this meeting.
This meeting is held pursuant to the notice of annual meeting of stockholders made available or mailed on October 7, 2019, to each record holder of the company's common stock as of September 23, 2019. A list of stockholders of record entitled to vote at this meeting has been available for examination at the company's headquarters for the past 10 days and is available at this meeting as well. The Inspector of Election has examined the proxies received and report that holders of the majority in voting power of all the outstanding shares of stock entitled at the meeting are present in person who represented by proxy. Hereby, I therefore declare a quorum present at the meeting. It is now 7 minutes past 10 on November 20, 2019.
The polls are now open for voting. Only Class B common shareholders are Redwood and ballot proxy holders conveyed at this meeting. You do not need to complete a ballot if you voted or returned a proxy before the meeting. If you wish to cast a ballot now, please raise your hand and a company representative will be called to collect your ballot. You will have an opportunity to ask questions after all matters being submitted to stockholders for a vote are present.
Please hold your questions until that time. We have 4 items on the agenda. The first matter to be acted upon by stakeholders is proposal 1, the election of directors. The Board has nominated the following individuals to serve as directors: Lofra Murdoch, Robert Thompson, Kelly Ayotte, Jose Maria Asner, Natalie Bancorp, Peter Bowens, Joel Klein, James Murdock, Ana Paula Caso, Masrohan Siddiqui and myself. We projected each of these director nominees will each serve a 1 year term expiring at the 2020 Annual Meeting or until his or her successor is duly evicted and qualified.
Proposal 2 for the ratification of the selection of Ernst and Young LLP as the company's independent to register public accounting firm for the fiscal year ending June 30, 2020. Proposal 3 is an advisory vote to approve executive compensation. Proposal 4 is for the amendment and restatement of News Corporation's 2013 long term incentive plan. A preliminary report by the Inspector of Election talks that more than a majority of the eligible votes cast have been voted. For the election of each of the director nominees, for the ratification of the selection of Ernst and Young, for the advisory approval of its equity comp and for the amendment and restated to the 2013 long term incentive plan.
Thank you for your support. We will report the final results of this meeting in an SEC filing shortly. At this time, any stockholder, proxy holder or qualified representative who wishes to ask a question relating to any of the proposals or regarding the business or operations of the company should proceed to the microphone and present the yellow admission ticket that you received when you registered today. Before asking your question, please state your name and affiliation. We ask that you comply with the rules and procedures of handling the meeting so that we can conduct an orderly meeting.
Thank you. Yes, sir.
Good morning, directors and Chairman. My name is Jessica Craig, and I've been appointed proxy by News Corp. Shareholder, Stephen May. I would like to thank you all for your time this morning and ask a few questions on behalf of Mr. Maim.
There are 2 questions, each shareholder.
Noted. Mr. Maim would first like to ask News Corp's stance on climate change. What do you believe is the global role of News Corp in current geopolitical climate? If you do believe in climate change, Mr.
Main is interested to hear why News Corp gives climate deniers like Andrew Bolt and Terry McLaren so much airtime in Australia. Mr. Main's second question is in regards to Foxtel's future profitability in a rapidly changing entertainment landscape. Can you comment on the corporate strategy that will be presumably implemented to combat the market disruption resulting from the launch of Disney Plus in Australia? And if I may trouble the Board to ask one more question personally, not on the behalf of Mr.
Main, I'm curious to hear if you think the purpose of credible news is to inform or inflame current issues. If you do believe it is to inform, how does the Board balance this competing priority with delivering profit to shareholders when profit can be traditionally increased by inflaming current new circulation?
I have just one question at a time. On climate change, I said we have reduced our carbon footprint by 25%, 6 years ahead of schedule. We're the 1st North American media company to commit to science based targets to limit climate change. And we've reduced energy costs by $18,000,000 since fiscal 'fourteen. Global paper policy to ensure 100 percent of publication paper is sourced from certified sustainable material, and print centers have achieved 96% diversion from landfill as part of our 0 waste goal.
There are no climate deniers around that, I assure you.
On the Foxtel question, which is your second question, the new management team at Foxtel has actually done an excellent job in improving the quality, of technology and the user experience. And evidence of that can obviously be seen in the success of Kayo, our sports streaming service, which launched just over a year ago and now has 402,000 paying subscribers. And that is at a premium rate of AUD25 a month, not AUD6.99 or AUD8 a month.
Thank you. Any other questions?
Okay. Philip Berman, portfolio manager and shareholders, some brief comments. The U. S. News Corporation and shareholders have consistently benefited from the innovative and creative strategic ideas generated by our Executive Chairman, Rupert Murdoch.
The Wall Street Journal acquired in 2007 has consistently become better and better and now has received more awards than ever before. The novel ideas of our new news corporation have become the gold standard in the industry. We all are looking forward to Lachlan Murdoch, our Co Chairman and also our former executive Chief Executive Officer and Chairman, Rupert Murdoch's venture into the future and bringing News Corporation to the top of the game where it always stands.
Thank you very much. Next question.
Hi. John Lindsay, shareholder. Just want to thank the efforts of Mr. Rupert Murdoch and Lachlan Murdoch and Robert Thompson pushing against these rat bags of the tech world who have been trying to destroy our company. I'm just wondering the newspaper titles, in terms of the newspaper titles, we've got some fantastic brands there.
And if we can just weather the headwinds that we're facing at the moment, do you see a future for these great titles going forward in the new technological environment? Because they are wonderful brands. And if we can survive the current situation and move forward into the future, we can leverage up these great story titles that can be great profit centers in the future, I think.
Well, thank you very much, Mr. Jonathan. I do add to it, but the secret is that they're digital. And there's no doubt that the sale of physical newspapers is under a lot of pressure. But our big titles at The Wall Street Journal, The Times, The Australian are all getting doing very well but it's because of paid subscriptions, which we're pursuing and expanding.
But thank you. All right. Well, thank you very much. Are there any other ballots that need to be collected? It's now 10.16.
I've got a question. 10.16 on November 20, 2019. The polls are now closed. So that concludes the business described in the notice of meeting. The meeting is adjourned, and thank you very much for your attendance.