News Corp. Revenue Falls as Ads Suffer

REPLAY VIDEO
Your next video will start in
Pause

Recommended Videos

  • Info

  • Comments

  • VIDEO TEXT

Nov. 12 (Bloomberg) –- Bloomberg’s Caroline Hyde reports on News Corp earnings in the first quarter since splitting off from 21st Century Fox. She speaks to Anna Edwards and Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

Correspondent caroline hyde is here with the take away.

This is the biggest publisher of newspapers in the united states.

The times, the son, and australia was the weakest.

Shrinking demand hitting advertisement, but the drops in australia.

Sales circulation down six percent as well.

All of that dragging down sales.

They are trying to build online prescriptions.

They are trying to take an active role in selling their own ad space on line, but the technology across the board they are wanting to invest, ramping up dow jones, and larger populations.

They have been selling local newspapers.

Profit did grow.

We know the u.k. phone hacking case forced the closure.

It is still underway.

When they split off the businesses you had 21st century fox.

You had good cop bad cop.

You have good news corp.

Bad news corp.. the publishing assets were less lucrative.

They put it on a firm footing, got rid of the debt, but if the seventh of the value, which is worth 70 billion overall.

Even though you say 20th century fox is the more lucrative, it was tough.

Sales grew, but rising cost eight into profitability.

They have been turning channels into networks.

A racing channel was a new one.

The investments are hurting, but they should turn more profitable in the future.

Electric cars are going to

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change