News Corp. Revenues Fall With Slower Ad Sales

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
http://www.editorandpublisher.com/news/news-corp-revenues-fall-with-slower-ad-sales/
LinkedIn

By: Ted Johnson | Variety

News Corp. said that its revenues in its most recent quarter fell 5% to $2.08 billion, reflecting foreign currency fluctuations and continued sluggish advertising revenues as its newspapers.

The company said that its third-quarter net income fell to $48 million, or 8 cents a share, from $323 million, or 56 cents a share a year ago. Excluding one-time gains from the prior year, adjusted net income was 11 cents a share in the most recent quarter, compared to 13 cents a share a year earlier.

Comments:

Your email address will not be published. Required fields are marked *