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News Corp reports newspaper advertising slump

Murdoch firm reports operating income down by $207 million.

As News Corp reported third quarter operating profit of $1.06bn it said that advertising revenues were down at its newspapers in Australia and the UK.

The owner of The Times titles, The Sun and the News of the World reported overall operating income down $207m year on year largely as a result of the exceptional performance of the film Avatar last year which was produced by News Corp's Fox film division.

In the publishing division - which includes News Corp's newspaper assets - operating income (or profit) dropped to $36m in the three months to the end of March, compared with $207m a year ago.

Read more at the Press Gazette.

Dominic Ponsford is editor of Press Gazette