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News: News Corp boosts Q2 revenue to $US2.28B

  1. News Corp (ASX:NWS) has lifted second quarter revenues and shown earnings also grew slightly.
    The media conglomerate has shown revenues pushed to $US2.28 billion in the last three months of 2014, compared to $US2.24 billion in the previous year.  
    Revenues from its Australian newspapers, however, were down 8 per cent which was blamed on foreign currency moves and poor advertising revenues. 
    Online real estate contributions surged 50 per cent thanks in part to gains by REA group while e-book sales at HarperColllins were also strong.
    The company reported a first half net income of $US207 million, up from $US177 million in the same half last year. 

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