News Corp revenue rises on subscriptions; advertising rev falls


NEW YORK: News Corp, the publishing company controlled by Rupert Murdoch, reported on Friday that annual revenue grew 2.7 percent to almost $8.9 billion on a rise in circulation and subscription revenue.

Net income for the fiscal year ending June 30 was $506 million, or 87 cents per share, compared with a loss of $2.1 billion, or $3.58 per share, in the previous year.

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