Book Sales Boost News Corp. Earnings
News Corp., the newspaper publisher controlled by billionaire Rupert Murdoch, reported quarterly earnings that beat analysts' estimates amid higher book-publishing and digital real-estate sales. Profit, excluding some items, was 26 cents a share in the fiscal second quarter, compared with the 24 cents analysts estimated on average, according to data compiled by Bloomberg. Revenue rose 1.9 percent to $2.28 billion, according to a statement Thursday. Analysts had projected $2.27 billion.