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Revenue from Dow Jones, which provides news and business
information, rose 6% to $421 million during the quarter.
News Corp, owner of Market Watch and Barron's, has been making
acquisitions to bolster its portfolio and expand.
In March, the company said it will acquire the consumer unit of
educational publisher Houghton Mifflin Harcourt Co for $349
million in cash, days after it agreed to buy financial news firm
Investor's Business Daily for $275 million..
The Wall Street Journal's digital-only subscriptions grew 29% to
2.63 million average subscriptions in the quarter, and
represented 78% of its total subscriptions.
The Rupert Murdoch-led publisher's total revenue rose 3% to
$2.34 billion in the three months ended March 31, above
analysts' estimate of $2.2 billion, according to Refinitiv IBES
data.
(Reporting by Akanksha Rana and Eva Mathews in Bengaluru;
Editing by Aditya Soni and Devika Syamnath)
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