May 14, 2019

Last week, News Corp reported unexpected results for the third quarter of its fiscal year 2019 for the period ended March 31, 2019. The company reported net income of $23 million, compared to a net loss of $1.1 billion for the same period last year. Earnings per share were $0.02, compared to ($1.94) year-over-year. The company also reported total revenue of $2.46 billion, a 17% increase over the prior year. New Corp attributed the strong results to the consolidation of Foxtel and strength of its book publishing business segment.