News Corp (NWSA.O), owner of the Wall Street Journal and HarperCollins, reported quarterly revenue and a profit just above analysts' consensus forecast as its book publishing and real estate businesses offset dwindling print revenue.
Total revenue for the second quarter increased 2 percent to $2.28 billion, slightly ahead of the forecast of $2.25 billion, according to Thomson Reuters I/B/E/S.
News Corp's revenue is largely dependent on its newspaper holdings in the United States, Australia and Great Britain.
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%0D%0A%20%20Total%20revenue%20for%20the%20second%20quarter%20increased%202%20percent%20to%20$2.28%20billion,%20slightly%20ahead%20of%20the%20forecast%20of%20$2.25%20billion,%20according%20to%20Thomson%20Reuters%20I%2FB%2FE%2FS.%0D%0A<%2Fp>%0D%0A
%0D%0A%20%20News%20Corp's%20revenue%20is%20largely%20dependent%20on%20its%20newspaper%20holdings%20in%20the%20United%20States,%20Australia%20and%20Great%20Britain.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Faggregatedcontent%2Fbooks-digital-real-estate-assets-lift-news-corp-results%2F" target="_blank" class="email" data-post-id="17290" type="icon_link"> Email Email
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