News Corp. Plummets as Profit Trails Estimates on Ad Revenue

Shares of News Corp., controlled by billionaire Rupert Murdoch, had a record decline after the publisher of the Wall Street Journal and New York Post reported fiscal second-quarter profit that missed analysts' estimates.Earnings, excluding some items, were 20 cents a share in the period ended Dec. 31, trailing the 21-cent average of projections compiled by Bloomberg. Revenue fell 4% to $2.16 billion from a year earlier as advertising sales declined, hurt by the strength of the U.S. dollar, the New York-based company said Thursday in a statement. Analysts had estimated $2.13 billion on average.News Corp. shares slid as much as 10% to $10.96 in New York trading, the biggest intraday decline since the company's split from 21st Century Fox Inc. in June 2013. Through Thursday, they had dropped 8.6% this year. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2016-02-06 00:00:00 UTC ]
News tagged with: #year earlier #york-based company #ad revenue #projections compiled #estimated $2 #york trading

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News Corp. Plummets as Profit Trails Estimates on Ad Revenue

Shares of News Corp., controlled by billionaire Rupert Murdoch, had a record decline after the publisher of the Wall Street Journal and New York Post reported fiscal second-quarter profit that missed analysts' estimates.Earnings, excluding some items, were 20 cents a share in the period ended... Continue reading at Advertising Age

[ Advertising Age | 2016-02-06 00:00:00 UTC ]
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News Corp. profit tops estimates but ad sales dip

News Corp., the newspaper publisher that owns The Wall Street Journal and the New York Post, beat profit estimates and posted gains in real-estate services and book publishing, even as advertising... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2014-02-07 00:00:00 UTC ]
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News Corp. Misses Estimates as Ad Sales Decline

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[ Advertising Age | 2016-08-09 00:00:00 UTC ]
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News Corp profits halve after weak newspaper ad sales

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[ The Guardian | 2015-05-07 00:00:00 UTC ]
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News Corp newspaper revenue falls 6% as ads and subscribers go online

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[ The Guardian | 2015-02-06 00:00:00 UTC ]
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News Corp. revenue falls as ads decline

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[ Crains New York | 2013-11-12 00:00:00 UTC ]
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News Corp. Revenue Falls in Inaugural Quarter as Ads Suffer

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[ Advertising Age | 2013-11-12 00:00:00 UTC ]
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News Corp profits dive 75% as Rupert Murdoch-owned company hints at AI future

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[ The Guardian | 2023-08-11 00:14:07 UTC ]
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Betr ‘crossed the line’ with illegal ads in News Corp media encouraging gambling, regulator says

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[ The Guardian | 2023-04-14 02:39:52 UTC ]
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News Corp to cut 1,250 jobs after missing second-quarter estimates

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[ The Guardian | 2023-02-09 22:30:39 UTC ]
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News Corp almost doubles its profits on back of digital advertising and subscribers

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[ The Guardian | 2022-08-08 23:21:18 UTC ]
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Tremor International to Buy Video Ad Platform Unruly from News Corp

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[ Editor & Publisher | 2020-01-07 22:43:20 UTC ]
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Tremor International to Buy Video Ad Platform Unruly from News Corp

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[ AdWeek | 2020-01-06 14:18:42 UTC ]
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Unruly eyes faster growth in tough video ad market after News Corp sale

News Corp, which will get small stake in Tremor, has also entered into three-year partnership for outstream video. Continue reading at Media Week

[ Media Week | 2020-01-06 09:49:13 UTC ]
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News Corp Australia revenues fall as advertising drops and subscriptions stay flat

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[ The Guardian | 2019-08-09 01:33:05 UTC ]
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New Study Finds Google Receives an Estimated $4.7 Billion in Revenue from News Publishers’ Content

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[ Editor & Publisher | 2019-06-10 15:10:50 UTC ]
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Facebook shares tumble after changes to its News Feed that could shrink ad revenue

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[ Los Angeles Times | 2018-01-12 00:00:00 UTC ]
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News Corp. Touts Print Ads, But Books, Real Estate Are Real Winners

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[ Editor & Publisher | 2015-02-06 00:00:00 UTC ]
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[ The Guardian | 2015-01-09 00:00:00 UTC ]
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[ The Guardian | 2014-12-17 00:00:00 UTC ]
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