News Corp. reported second quarter sales after the close of the market Wednesday. As in the past, the performance of HarperCollins is too modest to merit any mention in the earnings release. In the publishing segment, focused on newspapers, sales fell 9 percent and operating income dropped by 43 percent, blamed on “lower advertising revenues at the Australian newspapers and the integrated marketing services business” as well as the closure of The News of the World. In a brief statement, Harper said their best-performing units were Harper UK (publisher there of George R.R. Martin’s Game of Thrones books) and Zondervan […]
