How Will News Corp (NWSA) Stock React To Its Earnings Report?

NEW YORK (TheStreet) -- News Corp (NWSA), publisher of the Wall Street Journal, reported fourth quarter net income of $12.1 million, or 1 cent per diluted share on an adjusted basis, 2 cent short of analysts expectations for the quarter.

Revenue for the quarter fell to $2.19 billion from $2.26 billion last year.

The loss in revenue was attributed to a decline in subscriptions and weak advertising revenue for the publishing company which spun off its entertainment and cable divisions, which included 20th Century Fox and FX.

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