ENLARGENews Corp NWSA 0.08 % swung to a profit in the June quarter, helped by a legal settlement, as the book and digital real estate units posted growth and newspaper advertising revenue remained weak. Overall advertising revenue in the news and information segment was buoyed by strong sales in the company’s in-store advertising and advertising insert business. Revenue rose 5% to $2.2 billion. Advertising revenue fell 5% in the unit. Analysts polled by Thomson Reuters had expected total revenue of $2.06 billion in the quarter and adjusted earnings of 13 cents a share.

Source: Wall Street Journal August 08, 2016 21:22 UTC