News Corp: 2014 Q3 result

News Corp’s third-quarter results reflect a well-established pattern, with strong performances from Book Publishing and REA Group offsetting weakness in News & Information Services (NIS). Overlaid onto this pattern was a strengthening in the Australian dollar, which reduced the US dollar value of Australian revenue and earnings. Of course, for Australian investors, this effect is nullified when the US dollar earnings are translated back into Aussie dollars for the purpose of valuing the ASX-listed stock. NIS saw earnings before interest, tax, depreciation and amortisation (EBITDA) fall 12% from the prior period due to weakness in print advertising and circulation...

News Corp’s third-quarter results reflect a well-established pattern, with strong performances from Book Publishing and REA Group offsetting weakness in News & Information Services (NIS).

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