News Corp swings to a profit

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New York-based media company News Corp swung to a quarterly profit.

The corporation reported earnings of $79 million, compared with a loss of $730 million a year earlier. The company recorded a large noncash impairment charge in the same quarter of 2020.

Revenue rose to $2.34 billion from $2.27 billion a year earlier.

Read more from The Wall Street Journal.