May 8 (Reuters) - Media conglomerate News Corp ( NWSA )

on Wednesday missed Wall Street estimates for third-quarter

revenue, weighed down by a sluggish advertising market and lower

physical book sales at its book publishing business.

Inflation and higher interest rates have impacted News

Corp's ( NWSA ) businesses and dented its advertising sales.

The company's News Media segment, which includes the New

York Post, The Times, the Sunday Times, among others, came under

pressure as marketers kept a tight leash on ad budgets in an

uncertain economy.

News Corp ( NWSA ), a part of media baron Rupert Murdoch's empire,

said it has been reviewing the company's structure and that the

"work is intense and ongoing."

Shares of the New York-based company fell nearly 3% in

trading after the bell.

Revenue fell 1% to $2.42 billion in the quarter ended March

31, below estimates of $2.46 billion, according to Visible

Alpha.

Revenue at the Dow Jones business grew 3% to $544 million,

while revenue at its Digital Real Estate Services unit rose 7%,

driven by strong performance at REA Group ( RPGRF ), which

operates residential and commercial property websites in

Australia.

The company's revenue at its book publishing segment fell 2%

to $506 million.

Revenue from its subscription video services unit, which

includes the Foxtel Group and Australian News Channel (ANC),

decreased 5% to $455 million.

Earlier on Wednesday, News Corp's ( NWSA ) peers Fox Corp ( FOXA )

and New York Times ( NYT ) beat Wall Street estimates for

quarterly profit and revenue.