NEW YORK ( TheStreet) -- News Corp ( NWSA), owner of the Wall Street Journal, was falling in post-market trading as the publishing company posted sales that missed analyst forecasts, sparking investor concern about its legacy print business.
News Corp., controlled by Rupert Murdoch, reported $2.07 billion in revenue for the New York-based company's fiscal first quarter, falling short of an average $2.18 billion estimate of eight analysts surveyed by Bloomberg. News Corp., which was reporting its first full quarter since splitting its film and television businesses in June into 21st Century Fox ( FOXA), said that free cash flow for the quarter was negative $10 million.
Shares were falling 2.4% to $17.01 in post-market trading after closing at $17.42. News Corp has gained 10% since the company began trading separate shares from 21st Century Fox on June 19.
-- By Leon Lazaroff in New York