News Corp's newspaper revenues took another hit in the third fiscal quarter of 2015, leading the global media conglomerate chaired by Rupert Murdoch to emphasize growth in digital real estate services and book publishing.
The company's news and information revenues were down 9 percent year on year to around $1.35 billion, while advertising revenues in the segment fell 12 percent. Advertising revenues at News Corp's marquee American newspaper, The Wall Street Journal, were down 11 percent, the company's chief financial officer said Tuesday.
The bright spot?
Realtor.com, which News Corp acquired last year - revenue was up there 67%.
As for the education division:
Revenues in the quarter were $21 million, which was flat compared with the prior year. Segment EBITDA in the quarter improved $24 million, or 53%, from the prior year, primarily due to the impact of the capitalization of Amplify Learning’s software development costs of $12 million and lower operating expenses.
Amplify is not exactly setting the digital education world on fire.
Perhaps that's because Amplify's tablets set themselves on fire and/or break if they flip over?
In any case, how much value is Amplify's Joel Klein adding to News Corp?