News Corp, the umbrella company that owns HarperCollins, earned $2.16 billion in revenue in fiscal Q2 2016, down 4 percent from the comparable quarter last year.
The company attributed the drop to several factors including “lower consumer revenues at the Book Publishing segment.”
Revenues also suffered from foreign currency fluctuations of $141 million and the adjusted revenues only declined 1 percent. The company also reported lower advertising revenues at the News and Information Services segment.