News Corporation recently posted its fiscal Q3 2014 results. The revenues declined by 5% to $2.08 billion and adjusted earnings were $0.11 as compared to $0.13 in the prior year period. While the company continues to see growth at HarperCollins and REA, print advertising remains a concern. It must be noted that the overall print advertising revenues in the U.S. are presently at the lowest they’ve been since 1950, when the Newspaper Association of America began tracking industry data. Overall, the company reported mixed results with growth in book publishing and digital real estate, while news and information service as well as cable networks faced some headwinds due to currency fluctuations.
(To read the full story, click here: http://www.forbes.com/sites/greatspeculations/2014/05/14/currency-fluctuation-and-weakness-in-print-advertising-weighs-over-news-corporations-q3-fiscal-2014-earnings/)
