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.