News Corp announced earnings for its second quarter ended December 31, reporting sales at HarperCollins of $550 million, up 4 percent from the previous year. In a release, News Corp CEO Robert Thomson said the company “believe[s] there are strong prospects for further growth as difficult macro conditions ease in some of our markets.” The company attributed the sales increase to lower returns and an increase in digital sales, which were up 15 percent, “driven by strong market growth for downloadable audiobook sales, as well as the contribution from a new Spotify partnership.” Digital purchases made up 21 percent of […]
