NWS news corporation..

News: News Corp posts 2Q profit fall

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    News Corp (ASX:NWS) has posted a slight fall in second quarter revenue of $2.2 billion, down 4 per cent on the same period a year ago.


     


    The media company says the bottom line was hit by a decline in advertising revenue, foreign exchange fluctuations and the sale of the Dow Jones Local Media Group.


     


    However that was partly offset by the inclusion of Fox Sports Australia, which News Corp began consolidating following the Consolidated Media Holdings acquisition in November 2012.


     


    Strength was also reported in digital real estate services and book publishing segments.


     


    CEO Robert Thomson says the digital transformation is underway, with the purchase of Storyful and robust growth in digital sales at HarperCollins.

 
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