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)
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