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.
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 as well as at The Times. It also said that it had seen a “tangible improvement” in its newspaper business in Australia, which has been battered in recent years.
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.
“It is so far, so good this quarter,” he said.
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%.
Revenues in book publishing increased 24%, to $406 million. The company said that the results were bolstered by the inclusion of Harlequin following News Corp.’s acquisition in August.
The company announced that it was acquiring digital platform Move, which it said will help provide a “new foundation for growth” in the digital real estate sector.
Its digital real estate services division saw revenue increase 24% to $112 million.