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Harper Has Weaker Fourth Quarter, But Closes Fiscal Year with Record Earnings

August 9, 2019
By Michael Cader

News Corp. reported fiscal fourth quarter earnings on Thursday afternoon, as HarperCollins recorded a comparatively poor fiscal fourth quarter, with sales of $419 million, down $71 million from the previous year. But it was more of a return to normal, since a year ago they were up $83 million for quarter versus the same period 2017 — boosted in part by $28 million of revenue from Amazon Studios’ television license for J.R.R. Tolkien’s The Lord of the Rings trilogy. (For Q4 2017 sales were $407 million; for Q4 2016, sales had been $433 million.) Sales also look lower because of […]

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