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News Corp posts second-quarter loss
February 9, 2017 / 9:23 PM / 10 months ago

News Corp posts second-quarter loss

Feb 9 (Reuters) - News Corp, the owner of the Dow Jones Newswires and book publisher HarperCollins, posted a second-quarter loss as it struggles to offset the decline in advertising income in its newspaper business.

Net loss available to News Corp shareholders was $290 million, or 50 cents per share, in the quarter ended Dec. 31, compared with a profit of $62 million, or 11 cents per share, a year earlier.

The company, controlled by media mogul Rupert Murdoch, said revenue fell 2.1 percent to $2.12 billion. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Savio D‘Souza)

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