Aug 8 (Reuters) - Media conglomerate News Corp ( NWSA )
beat Wall Street estimates for fourth-quarter revenue on
Thursday, helped by digital subscription growth at its Dow Jones
business information unit.
Revenue in the quarter ended June 30 rose 6%, to $2.58
billion, compared to an estimate of $2.49 billion, according to
LSEG data.
Part of media mogul Rupert Murdoch's empire, News Corp ( NWSA )
has benefited from its thriving business information unit, Dow
Jones, which includes leading publications such as The Wall
Street Journal, Barron's and Market Watch.
London Stock Exchange Group ( LDNXF ) signed a
multi-year news and data partnership
with Dow Jones last month. Sam Altman-led OpenAI has
also partnered
with the media company for access to its news content.
Revenue at Dow Jones grew 4%, to $566 million, driven by
growth in circulation and subscription revenues.