News Corp’s Revenue Down for Fifth Straight Quarter

More bad news from News Corp.

News Corp’s rough patch continues, as revenue was down at the company for the fifth straight quarter. Overall revenue was down seven percent for Q3 2016.

As for a net loss of $149 million, News Corp blamed “currency headwinds” and a one time charge of $280 million for its role in creating a retail marketing monopoly.

Revenue at News Corp’s news and information unit—which includes The Wall Street Journal, the New York Post and more—was down 9 percent for the quarter.

The lone bright spot in the company’s report was its digital real estate services, which saw revenue jump by 14 percent.