news corp reported betterthanexpected revenue in the latest quarter as growth in its dow jones segment helped buoy results as other segments remained flat or declined the new yorkbased media company logged net income attributed to shareholders of 50 million or 9 cents a share for the third quarter ended march 31 compared with 82 million or 14 cents a share a year earlier adjusted earnings were also 9 cents a share above analysts estimates of 5 cents revenue edged down to 245 billion from 249 billion analysts polled by factset expected 238 billion the company said the decline in revenue reflected a negative effect of 98 million from foreigncurrency fluctuations news corp said its costreduction measures which includes reducing its head count by 5 this year are now expected to produce at least 160 million in annualized savings by the end of this calendar year our fiscal third quarter results demonstrated meaningful progress compared to the first half with various macro and sectoral trends decidedly more positive said chief executive robert thomson news corp is the parent company of dow jones publisher of the wall street journal as well as harpercollins publishers and news organizations in the uk and australia