REUTERS/Lucy Nicholson
Total revenue fell to $2.01 billion from $2.11 billion.
The net income available to the company's stockholders rose to $175 million, or 30 cents per share, in the first quarter ended Sept. 30 from $65 million, or 11 cents per share, a year earlier. The company was boosted by a one-off tax benefit related to the sale of its digital education business.
But earnings before tax, depreciation, and amortization, fell 11% in the quarter, mainly due to a weak print advertising market in Australia - where ad revenue dropped by 30% - and currency fluctuations. Advertising revenue in its news and information unit dropped 13%
On the earnings call, News Corp chief executive Robert Thomson said, as reported by The Wall Street Journal: "While we have experienced understandable challenges in a couple of our businesses this quarter, we remain confident in our overall plans for digital and global expansion."
(Reporting by Lara O'Reilly and Reuters staff: Devika Krishna Kumar and Kshitiz Goliya)