Tuesday, 25 November 2014
News Corp Revenue Rises 4 Percent
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Thomson Reuters bA sign is seen outside News Corporation building in New York (Reuters) – News Corp, publisher of the Wall Street Journal, reported a 4 percent rise in quarterly revenue, helped by higher sales at its book publishing and online real estate services businesses.
Net income available to the company’s shareholders was $65 million, or 11 cents per share, in the first quarter ended Sept. 30, compared with a loss of $27 million, or 5 cents per share, a year earlier.
Revenue rose to $2.15 billion from $2.07 billion.
(Reporting by Soham Chatterjee in Bangalore; Editing by Joyjeet Das)
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