News Corporation (NASDAQ:NWSA) Q2 2017 Earnings Conference Call - Final Transcript

Feb 09, 2017 • 05:00 pm ET

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News Corporation (NASDAQ:NWSA) Q2 2017 Earnings Conference Call - Final Transcript

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Presentation
Executive
Bedi Singh

newspaper operations, we expect further cost saving initiatives across our news mastheads. We also expect to see growth at News America Marketing led by in-store promotions. In Digital Real Estate Services, we expect to see increased EBITDA contribution and improved revenues at realtor.com combined with continued growth at REA. Book publishing should continue to benefit from a strong release slate, we're encouraged by the success of Margot Lee Shetterly's hidden figures and we'll also have the release of Veronica Roth's Carve the Mark. And at cable network programming, rights costs should be down modestly in local currency given the absence of EPL rights.

So in summary, as we had expected, this quarter demonstrated the importance of Digital Real Estate to our growth trajectory. The importance of a strong portfolio of content at HarperCollins and the ability to monetize global rights, and finally, our commitment to improving the cost structure at News and Information Services.

And with that, let me hand it back to the operator for Q&A.