News Corp. returned to profitability in the year ended June 30 as revenue climbed 2.7 percent.
The publishing company, which owns the Wall Street Journal and The Post, reported a profit of $506 million, or 87 cents a share, in the period, compared with a loss of $2.08 billion a year earlier.
At the end of the fiscal year, News Corp. split into two publicly traded companies — 21st Century Fox, which houses the TV, cable and entertainment properties, and News Corp., which houses newspapers alongside book publisher HarperCollins, Australian pay-TV assets such as FoxTel and an educational arm.
Revenue rose to $9 billion, according to the company’s regulatory filing.
News Corp. CEO Robert Thomson has said he is planning to grow the print publications through digital initiatives. The Wall Street Journal said Thursday it is adding to its technology team and parting ways with the founders of digital website, AllThingsD, Kara Swisher and Walt Mossberg.
The company also said it will pay a dividend at some point in the future, without specifying the date or the amount.
Shares fell 1.4 percent to $16.64 at the close in New York and have gained 5.3 percent since the split from 21st Century Fox in June.
The loss in the prior year resulted from a non-cash charge of $2.8 billion in the fourth quarter of the 12 months ended June 2012, principally related to its Australian newspaper business.