This content is not available in your region

News Corp quarterly revenue rises 17.4 percent

Access to the comments Comments
Text size Aa Aa

(Reuters) – Wall Street Journal-owner News Corp reported a 17.4 percent rise in quarterly revenue on Thursday, driven by higher sales in its book publishing business.

Net income available to stockholders was $10 million, or 2 cents per share, in the three months ended March. 31, compared with a loss of $1.13 billion, or $1.94 per share, a year earlier.

The company, controlled by media mogul Rupert Murdoch, said revenue rose to $2.46 billion from $2.09 billion.

Thomson Reuters Inc, the parent of Reuters News, competes with News Corp’s Dow Jones Newswires for financial news customers.

(Reporting by Shariq Khan in Bengaluru; Editing by Anil D’Silva)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.