News Corp revenues boosted by Dow Jones and books
News Corporation beat Wall Street estimates for second-quarter revenue driven by growth in its digital real estate services, Dow Jones and book publishing divisions.
The media and information services group, which owns publications including The Times, The Sunday Times, The Wall Street Journal, The Australian and The Sun, reported that revenue in the three months to the end of December rose 3 per cent to $2.59 billion compared with $2.52 billion in the same quarter a year ago. Net income was $183 million against $94 million previously.
Robert Thomson, chief executive of News Corp, said: “We had particularly robust results across the three core pillars of our business — Dow Jones, Book Publishing and Digital Real Estate Services — and believe there are strong prospects