News Corp. Misses Estimates as Ad Sales Decline

News Corp., the Wall Street Journal and New York Post publisher controlled by billionaire Rupert Murdoch, reported fiscal fourth-quarter profit that missed analysts' estimates as a decline in ad sales outweighed an increase in digital revenue in its real estate business.Earnings, excluding some items, were 10 cents a share, short of analysts' estimates of 13 cents a share, the average of projections compiled by Bloomberg. Revenue was $2.23 billion, the New York-based company said in a statement Monday. That exceeded predictions for $2.06 billion.As more readers get their news online, News Corp. has been trying to compensate for falling print revenue by boosting digital sales, especially at its online real estate business. At the same time, the company has remained wary of the publishing industry's growing alliance with Facebook. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2016-08-09 00:00:00 UTC ]

Other news stories related to: "News Corp. Misses Estimates as Ad Sales Decline"


How to Choose and Apply Social Media Tools

Since social media was identified as a relevant tool to the publishing industry, magazine publishers have devoted many resources and an abundance of energy to finding and implementing the best strategies to solidify a presence in the sphere. Continue reading at Folio Magazine

[ Folio Magazine | 2011-07-14 00:00:00 UTC ]
More news stories like this


AUDIO: The 'worrying' battle for books

Arts editor Will Gompertz's second report into the impact of technology on the publishing industry Continue reading at BBC News

[ BBC News | 2011-06-29 00:00:00 UTC ]
More news stories like this


Publishers "celebrating" after Waterstone's takeover

Written By: Bookseller Staff Publication Date: Mon, 23/05/2011 - 09:40 The takeover of Waterstone's by Alexander Mamut is cause for celebration among the publishing industry, Faber c.e.o. Stephen Page has said. read more Continue reading at The Bookseller

[ The Bookseller | 2011-05-23 00:00:00 UTC ]
More news stories like this


Advertising: Tales of Reading in Reintroducing a Color Device

Barnes & Noble’s advertising campaign for the Nook Color, an e-reading tablet, features no company stores in the ads, a nod to changes in the publishing industry. Continue reading at The New York Times

[ The New York Times | 2011-04-25 00:00:00 UTC ]
More news stories like this


Lonely Planet's Richard Samson dies

Written By: Charlotte Williams Publication Date: Fri, 18/03/2011 - 14:52 Lonely Planet general manager for Asia Pacific Richard Samson has died today [18th March], following a battle with a terminal illness. Samson started in his latest role in Lonely Planet's Melbourne head office in June... Continue reading at The Bookseller

[ The Bookseller | 2011-03-18 00:00:00 UTC ]
More news stories like this


Vintage to hold open day

Written By: Graeme Neill Publication Date: Tue, 01/03/2011 - 08:22 Vintage will open its doors to 30 members of the public next month to give them a glimpse into the publishing industry, as part of its 21st birthday celebrations. The open day will be held on 18th April in Vintage's offices in... Continue reading at The Bookseller

[ The Bookseller | 2011-03-01 00:00:00 UTC ]
More news stories like this