News Corp’s adjusted third-quarter profits exceeded expectations, and its shares rose 2.1 percent in extended trading.
Excluding items, adjusted earnings in the period were $66 million, or 11 cents a share.
Wall Street was expecting 3 cents.
Overall revenue, which also exceeded forecast, slipped 5 percent on unfavorable currency fluctuations, lower advertising revenue and the sale of Dow Jones Local Media Group.
The publishing company, which owns The Post and the Wall Street Journal as well as newspapers in the UK and Australia, said net profits to shareholders came in at $48 million, or 8 cents, compared to $323 million, or 56 cents, last year.
Last year’s results were boosted by the sale of the company’s stake in Sky Network Television, the biggest pay-TV operator in New Zealand.
Separately, News Corp named William Lewis as chief executive of Dow Jones. Lewis was named interim CEO in January, replacing Lex Fenwick.
Revenue fell to $2.08 billion.
In the company’s book-publishing division, which includes HarperCollins, Ebitda jumped 83 percent, to $53 million. Revenue rose 14 percent, to $354 million, helped by the continued popularity of the “Divergent” series.