News Corp (NWSA) (NWS) Reports Q1 EPS of $0.22

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Wells Fargo Downgrades News Corp. (NWSA) to Market Perform

November 9, 2015 7:10 AM EST

Wells Fargo downgraded News Corp. (NASDAQ: NWSA) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on News Corp. click here. For more ratings news on News Corp. click here.

Shares of News Corp. closed at $14.88 yesterday.

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News Corp's revenue falls for third straight quarter

November 5, 2015 4:40 PM EST

By Devika Krishna Kumar

(Reuters) - News Corp, owner of the Wall Street Journal, reported its third straight quarter of revenue decline, hurt by a strong dollar and lower print ad sales, mainly in Australia.

The company, controlled by Rupert Murdoch, said on Thursday revenue from its news and information business fell about 11 percent to $1.29 billion in the first quarter.

The business, which accounted for nearly two-thirds of its total revenue, has been struggling for the... More