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.
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