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Wall Street Journal-owner News Corp reported a 17.4 per cent rise in quarterly revenue on Thursday, driven by higher sales in its book publishing business.

Net income available to stockholders was $10 million, or 2 cents per share, in the three months ended March. 31, compared with a loss of $1.13 billion, or $1.94 per share, a year earlier.

The company, controlled by media mogul Rupert Murdoch, said revenue rose to $2.46 billion from $2.09 billion.

Thomson Reuters Inc, the parent of Reuters News, competes with News Corp’s Dow Jones Newswires for financial news customers.

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SymbolName% changeLast
NWS-Q
News Corp Cl B
+0.55%27.23

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