News Corp earnings Q2 2018

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Robert Thomson, CEO of News Corp, celebrates at the opening bell of the NASDAQ stock exchange in 2014.

News Corp. is scheduled to report fiscal second quarter earnings after the close Thursday.

Here’s what Wall Street expects:

• EPS: 19 cents expected, according to Thomson Reuters
• Revenue: $2.13 billion expected, according to Thomson Reuters

Founded by global media magnate Rubert Murdoch, News Corp. commands a host of major media assets, including HarperCollins, the New York Post and financial mega-publisher Dow Jones, which owns The Wall Street Journal.

In recent quarters, lagging print circulation for the Journal has led News Corp. to reposition its flagship newspaper as a digital-first publication.

Still, News Corp., like other major media outlets, has felt a boost in overall subscribers during President Donald Trump’s often tumultuous first year in the White House.

Trump has shown a clear preference toward programming from Murdoch-owned Fox News. Even still, News Corp. properties have on occasion collided with his administration, which has had a contentious relationship with the press.

Trump: Thank you to @
foxandfriendsfor exposing the truth. Perhaps that’s why your ratings are soooo much better than your untruthful competition

Trump, in an exclusive interview with the Journal, was quoted as saying “I probably have a good relationship with Kim Jong Un.” Days later, the White House asserted that Trump had actually said “I’d probably have a good relationship with Kim Jong Un,” ultimately leading The Journal to release a recording of the interview in its own defense.

@PressSec tweet