News Corporation just reported its third quarter earnings, and once again, things are looking good for the media behemoth. Well, at least parts of it. For News Corp.’s fiscal third quarter revenue jumped 14 percent to $2.85 billion, but it would have been higher if not for a $45 million loss posted by the company’s publishing brands.
In the end, News Corp. said that about 55 percent of its revenue growth is from entities such as Fox News, 20th Century Fox and FX.
That will make things all the more interesting when the big split happens. The division is expected to take place at the end of June, with 21st Century Fox controlling the movie studio and TV properties and News Corp. controlling The Wall Street Journal, The New York Post and more.