NewsCorp attributes good Q1 results to book publishing business
News Corporation recently reported financial results for the three months and fiscal year ended June 30, 2014. Commenting on the results, chief executive, Robert Thomson said, “We finished our first full year as the new NewsCorp and made significant progress in achieving the mission we articulated at the outset – to be more global and more digital through organic growth, product launches and strategic acquisitions. Due to the exciting e-evolution of NewsCorp’s leading global brands, we are enjoying enhanced engagement with our expanding paid audiences, underscoring the growth potential of our diverse portfolio.” Book publishing accounts for about 16.5 percent of the company’s total revenue.
In addition to acquiring Storyful in December, strengthening their video reach and depth, they completed the Harlequin acquisition last week – which brings an international digital platform to HarperCollins.