News Corp Bulls Wary of Downside Risk in Book Sales -- Market Talk

Dow Jones11-05

2334 GMT - News Corp's bulls at UBS will be watching for downside risk in book publishing when the media conglomerate posts its 1Q earnings report. The investment bank's analysts tell clients in a note that July publishing industry data showed sales decline accelerating from the prior quarter. They anticipate a 5% 1Q decline in book publishing revenue for the dual-listed company, and a 3% decline over the full fiscal year. UBS trims its price target for News Corp's Australia-listed stock by 3.6% to A$67.50 and maintains a buy rating. Shares are down 1.8% at A$44.93. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

November 04, 2025 18:34 ET (23:34 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment