sun valley deals news corp dow jones
News Corp.: Michael Nagle/Getty Image; DowJones: Andrew Burton/Getty

News Corp Revenue Falls Amid Print Media’s Decline

Nov 07, 2016

News Corp, the owner of the Wall Street Journal, Dow Jones Newswires, and book publisher HarperCollins, reported a 2.4% fall in quarterly revenue as it struggles to cope with a decline in newspaper advertising revenue.

The company, controlled by media mogul Rupert Murdoch, said on Monday its revenue fell to $1.97 billion in its first fiscal quarter ended Sept. 30 from $2.01 billion a year earlier.

News Corp reported net loss attributable to shareholders of $15 million, or 3 cents per share, compared with a profit of $175 million, or 30 cents per share.

The company has been reducing staff and implementing other cost-cutting measures in its Dow Jones division, which includes the Journal, while building up its digital real estate business.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions