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News Corp quarterly revenue rises 23 percent

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News Corp quarterly revenue rises 23 percent
FILE PHOTO: Tennis - US Open - Mens Final - New York, U.S. - September 10, 2017 - Rupert Murdoch, Chairman of Fox News Channel stands before Rafael Nadal of Spain plays against Kevin Anderson of South Africa. REUTERS/Mike Segar   -   Copyright  Mike Segar(Reuters)
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(Reuters) – News Corp <NWSA.O> reported a quarterly revenue on Wednesday that rose nearly 23 percent, as the newspaper and book publisher benefited from growth at its newly acquired TV network business and online real-estate listings unit.

Net income available to shareholders rose to $101 million (£77 million), or 17 cents per share, in the first quarter ended Sept. 30, from $68 million, or 12 cents per share a year earlier.

Total revenue at the Rupert Murdoch-controlled company rose to $2.52 billion (£1.5 billion) from $2.06 billion.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Shounak Dasgupta)

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