News Corp has reported its first quarter earnings, and while the newspaper business continues to struggle, the company did well via support from strong book sales.
Revenue from publishing companies HarperCollins and Harlequin Enterprises increased by 24 percent to $406 million in the first quarter. News Corp also benefitted from a jump in digital real estate revenue, which jumped 24 percent.
Those increases were enough to offset a three percent drop in revenue in News Corp’s news and information unit, which includes Dow Jones.
Overall, News Corp continues to chug along. Total revenues for the company increased by four percent to $2.15 billion.