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Rupert Murdoch's News Corp. Beats Profit Forecasts

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Rupert Murdoch's News Corp. Beats Profit Forecasts

Business

Rupert Murdoch's News Corp. Beats Profit Forecasts

Rupert Murdoch's News Corp. Beats Profit Forecasts

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  • <iframe src="https://www.npr.org/player/embed/272932741/272932742" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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News Corp — which publishes The Wall Street Journal — posted gains in its digital real estate and book publishing services. Still, the company is hampered with declining advertising revenues at its newspaper businesses.

RENEE MONTAGNE, HOST:

NPR's business news starts with growth for News Corp.

(SOUNDBITE OF MUSIC)

MONTAGNE: The media company, controlled by Rupert Murdoch, reported profits that beat forecast. Its stock price climbed yesterday in late trading after the report was released. News Corp. posted gains in its digital real estate and book publishing services.

Still, the company, which publishes the Wall Street Journal, was hampered by declining advertising revenues in its newspaper business.

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