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 earlier, the New York- based company said today in a statement. Analysts had predicted $2.18 billion, according to data compiled by Bloomberg.The news division, which publishes newspapers in the U.S., the U.K. and Australia, saw revenue fall 10% to $1.5 billion in the period, with Australia accounting for most of the decline. Circulation and subscription sales also shrank in the period, dropping 6%. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2013-11-12 00:00:00 UTC ]
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[ Publishers Weekly | 2014-05-14 00:00:00 UTC ]
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[ Publishers Weekly | 2014-05-13 00:00:00 UTC ]
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[ Publishers Weekly | 2014-05-09 00:00:00 UTC ]
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[ Publishers Weekly | 2014-05-08 00:00:00 UTC ]
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Thomson wins inaugural Thwaites Wainwright Prize

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[ The Bookseller | 2014-05-08 00:00:00 UTC ]
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[ Publishers Weekly | 2014-05-08 00:00:00 UTC ]
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[ The Bookseller | 2014-05-07 00:00:00 UTC ]
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[ Publishers Weekly | 2014-05-07 00:00:00 UTC ]
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[ Publishers Weekly | 2014-05-06 00:00:00 UTC ]
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[ The Bookseller | 2014-05-01 00:00:00 UTC ]
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[ Publishers Weekly | 2014-04-24 00:00:00 UTC ]
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[ Publishers Weekly | 2014-04-23 00:00:00 UTC ]
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[ Publishers Weekly | 2014-04-21 00:00:00 UTC ]
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[ Folio Magazine | 2014-04-18 00:00:00 UTC ]
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[ Folio Magazine | 2014-04-18 00:00:00 UTC ]
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