February 20, 2018

News Corp Reports Revenue Increase and $66 Million Net Loss in Q2 FY18

Earlier this month News Corp (NASDAQ: NWS, NWSA) reported financials for the second quarter of its fiscal year 2018, for the period ended December 31, 2017. The company reported total revenue of $2.18 billion, a 3 percent increase over the same period last year. News Corp also reported an improvement in net loss, going from a net loss of $219 million the first quarter down to $66 million in the second quarter. Adjusted earnings per share for the quarter were $0.24, compared to $0.19 for the same period last year.

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The Check Box: The Growing Need for Auto-Renewal Second Consent

Companies that sell products or services through subscription models need to keep in mind that there are numerous federal and state laws could impact how these models are structured and advertised. With recent legal settlements by major subscription brands as a bell weather, it might be time to revisit your auto-renewal policies and advertising to ensure you are not in danger of being held to these new legal standards. Lisa B. Dubrow, Esq. explains.

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