News Corp. CEO Robert Thomson reports third-quarter revenues dipped five percent to $2B, largely due to lower sales at its news and information services unit and the divestiture of the Dow Jones Media Group.
The company’s $61M net income compares to the $332M earned last year, which included a gain on the Sky Network TV Ltd. transaction.
Thomson said the owner of the Wall Street Journal, London Times and New York Post used the period to make another “robust stride in the direction of expanding our digital and international businesses.”
The acquisition of Storyful is “powering a new social newswire and creating video content communities around our mastheads,” said Thomson in a statement.
The company also announced that William Lewis, chief creative officer and interim acting Dow Jones CEO, has been appointed CEO of that subsidiary.
The former global news editor of the Financial Times and editor-in-chief of Telegraph Media Group, took the top creative slot last year.
Anoushka Healy, chief strategy officer, assumes creative duties.