News Corp revenues fall 3% in last quarter amid circulation decline

news corpNews Corp revenues fell 3% in the last quarter, the company said on Thursday amid a “challenging advertising environment” and declines in circulation revenues.

For the company’s first full year as a standalone company News Corp reported revenues of $8.57bn (£5.01bn) compared with $8.89bn (£5.28bn) in the prior year. Fourth quarter total revenues were $2.19bn (£1.30bn), down from $2.26bn (£1.34bn) for the same quarter last year.

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