News Corp CEO Rupert Murdoch delivers remarks at an event commemorating the 75th anniversary of the Battle of the Coral Sea, aboard the USS Intrepid Sea, Air and Space Museum in NY, U.S. May 4, 2017.
Thomson said the newspaper segment "was a source of growth this quarter - in both revenues and profitability", helped by digital subscriber gains of more than 300,000 at the Wall Street Journal.
News Corp, controlled by media mogul Rupert Murdoch, said its revenue rose to $1.98 billion from $1.89 billion.
"We saw particular progress in our quest to be more digital and global, while there was tangible improvement in operating efficiencies", said chief executive Robert Thomson in a statement.
While News Corp's earnings are still under pressure amid print advertising declines, they have been stabilizing with continued cost-cutting efforts and investments in the company's digital businesses to boost margins. The company said that the Wall Street Journal's average daily digital subscribers rose to 1.20 million, up from 893,000 year over year.
PSU Students React After Fraternity and Members Charged With Death
Massively drunk, he fell down a flight of stairs, twice, suffering critical bleeding in his belly and his skull. Piazza tried to get up around 3:20 a.m., but fell backward and hit his head on the wood floor, the report said.
New Corp's loss from continuing operations was break-even, compared to a $128 million loss in the prior year.
Shares of the media giant, which owns The Daily Telegraph, The Australian, the Dow Jones Newswires and The Wall Street Journal, were up 2.2 percent in extended trading in the U.S. on Tuesday. However, gains were partially offset by weakness in the print advertising market.
The small-but-growing digital real-estate business reported a 13% rise in revenue to $219 million.
The New York-based media group reported a net loss for the quarter ending March 31 of $5 million, compared with a loss of $149 million in the same period a year ago. A consensus of analysts polled by Thomson Reuters expected earnings per share of 5 cents on revenue of $1.86 billion.
News Corp (ASX:NWS) posted better-than-expected third quarter financial results this morning, as its transition to digital services pays off. However, News Corp had some strong performing segments.
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