News Corp said revenue increased in the latest quarter, with strength in advertising and rapid growth at Wall Street Journal parent Dow Jones & Co.
News Corp said revenue increased by 7.3% in the latest quarter, thanks to continued strength in advertising and rapid growth at Wall Street Journal parent Dow Jones & Co.
The New York-based media company, whose holdings include The Wall Street Journal, HarperCollins Publishers and news organizations in the U.K. and Australia, reported $2.67 billion in revenue in the quarter ended June 30, the final quarter of its fiscal year. The company swung to a net profit of $110 million, compared with a loss of $14 million in the year-earlier period, due in part to a higher tax benefit.
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