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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • News Corp Posts $506M Net Profit 0 comments
    Sep 23, 2013 9:07 AM | about stocks: NWSA, FOXA

    Originally published at www.seclive.com

    Filing in Focus: News Corp 10-K, September 20, 2013

    News Corp (NASDAQ:NWSA) published its first annual report since separating from 21st Century Fox (NASDAQ:FOXA) earlier this year. The company's profitability sharply increased to $506M, or $0.87 earnings per share, from a loss of $2.08B, or $3.58 losses per share. Company revenue increased 2.7% to $8.89B, though various segments of the company reported vastly different results. News Corp's UK publishing division reported a 6% increase while its Australian newspaper grew declined 15% due to decreases in ad revenue. Dow Jones & Company, the publisher of the Wall Street Journal, saw revenue decline 4% due to shifts from paper to online viewership as well as ad revenue. The company's strong results are also due in part to a $1.26B gain from the acquisition of Consolidated Media Holdings.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: NWSA, FOXA
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