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News Corp revenue falls

Friday, August 08 08:18:38

News Corp, publisher of the Wall Street Journal, reported a 3 percent decline in quarterly revenue as advertising sales remained weak and subscription income fell.

Net income available to the company's shareholders was $12.0 million, or 2 cents per share, in the fourth quarter ended June 30 compared with a loss of $1.12 billion, or $1.94 per share, year earlier.

Revenue fell to $2.19 billion from $2.26 billion.

The results mark the first full year since News Corp controlling shareholder Rupert Murdoch separated his publishing assets from his entertainment and cable TV businesses, which are now housed in 21st Century Fox Inc. (Reuters)

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