News Corp. Earnings Increase Four Percent

News Corp. reported a 4% increase in its revenue for the most recent quarter, with a boost from its book publishing and digital real estate and education segments, according to Variety.

But advertising revenue for its newspapers continued to fall in its fiscal first quarter 2015.

Overall, the company reported revenues of $2.15 billion, from $2.07 billion a year earlier.

Net income was $65 million, compared to $27 million in the same period a year earlier. That was 11 cents per share, compared to 3 cents a year earlier.

“The past quarter demonstrates that our strategy to develop the new News for long-term growth is firmly on track,” said the company’s chief executive Robert Thomson.

The company, owner of the Wall Street Journal, said that it had seen some circulation gains at the paper.

In a call with analysts, Thomson said they have seen some recovery in print advertising at the Journal, particularly in ads from the financial and technology sector.

Nevertheless, revenue in the news and information services division fell 3% to $1.45 billion in the most recent quarter, while other divisions saw increases. Total advertising revenues in that segment dropped 7%.