News Corp. Profit Misses Estimates as Advertising Sales Slump

  • Publisher cites drop in print ads, foreign currency exposure
  • Revenue in News Corp.’s digital real estate unit rose 21%

News Corp., the Wall Street Journal and New York Post publisher controlled by billionaire Rupert Murdoch, reported fiscal fourth-quarter profit that missed analysts’ estimates as a decline in ad sales outweighed an increase in digital revenue in its real estate business.

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