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 ]
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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

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... Continue reading at Advertising Age

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

Rupert Murdoch group, which publishes Sun, Times and Wall Street Journal, partly blames currency fluctuations, as book publishing division reports growthRupert Murdoch’s News Corp has seen a 52% year-on-year fall in its third-quarter profits as its newspaper advertising revenue continued to... Continue reading at The Guardian

[ 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

Newspaper revenue in the UK, the US and Australia is down despite a rise in the company’s overall revenue thanks to book publishing and real estate divisionsDeclining sales, advertising and subscriptions hurt revenues at Rupert Murdoch’s newspaper business in the final quarter of last year, News... Continue reading at The Guardian

[ The Guardian | 2015-02-06 00:00:00 UTC ]
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News Corp. Revenue Falls in Inaugural Quarter as Ads Suffer

News Corp., the publisher of newspapers such as the Wall Street Journal and New York Post, reported a 2.8% decline in first-quarter revenue, hurt by shrinking demand for print advertising.Revenue fell to $2.07 billion in the period, which ended on Sept. 30, down from $2.13 billion a year... Continue reading at Advertising Age

[ Advertising Age | 2013-11-12 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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Tremor International to Buy Video Ad Platform Unruly from News Corp

Tremor International is to buy video advertising platform Unruly from News Corp, with the international publishing giant set to take Continue reading at Editor & Publisher

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

Tremor International is to buy video advertising platform Unruly from News Corp, with the international publishing giant set to take a minority stake as part of the transaction. The deal will see News Corp take a 6.91% stake in Tremor, with the ad-tech company to receive the exclusive rights to... Continue reading at AdWeek

[ 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

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[ 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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News Corp magazine's provocative ad for interns an 'error in judgment'

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[ The Guardian | 2015-01-09 00:00:00 UTC ]
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News Corp UK suffers £3.5m loss after £51m profit the year before

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[ The Guardian | 2014-12-17 00:00:00 UTC ]
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News Corp reports 4% revenue drop

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[ The Guardian | 2014-02-07 00:00:00 UTC ]
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News Corp., Wall Street Journal owner, reports 3% lower revenue

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[ Los Angeles Times | 2013-11-12 00:00:00 UTC ]
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News Corp Reports 3 Percent Drop in Revenue in First Quarter

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[ Editor & Publisher | 2013-11-12 00:00:00 UTC ]
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News Corp Launches Global Private Ad Exchange

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[ AdWeek | 2013-08-21 00:00:00 UTC ]
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