Book Publishing Helps News Corp Beat Revenue Estimates
(Reuters) - News Corp (NWSA.O), publisher of the Wall Street Journal, reported better-than-expected quarterly revenue as growth in its book publishing business helped to make up for a decline in revenue in its bigger news and information division.
News Corp, whose shares were up marginally at $17.50 in after-market trading on Thursday, has been focusing more on book publishing as its newspaper business struggles with weak ad spending in an increasingly digital world.
- Companies:
- Harlequin
- HarperCollins
- Places:
- U.S.
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