News Corp. Reports Disappointing Quarterly Numbers

Operating income down

Join TV, media, marketing and tech leaders for Adweek Convergent TV, Mar. 21–22. Virtual and in-person passes available. 50% off through Feb. 6.


News Corp. released its earnings report for the quarter that ended in March, and the results are a little disappointing.

The company reported a decline in its operating income, which was down to about $1 billion, compared to $1.25 billion over the same period last year. The drop-off appears to be at least in part the result of a $125 million settlement of a lawsuit brought by Insignia Systems against News America Marketing. Even without those litigation expenses, the company's operating income was still down 5 percent from last year.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in