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News Corp exploring potential sale of News America Marketing business

Published 06/18/2019, 09:08 AM
Updated 06/18/2019, 09:10 AM
© Reuters. FILE PHOTO: The Fox News electronic ticker is seen outside the News Corporation building in New York City
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(Reuters) - Wall Street Journal-owner News Corp (NASDAQ:NWSA) said on Tuesday it was evaluating options for its News America Marketing (NAM) business, including a potential sale.

News America Marketing is a leading publisher of coupons in the U.S. and Canada and also provides in-store marketing products and services.

Revenue from its NAM business declined 8% to $238 million, in the March ended quarter, from a year-ago.

© Reuters. FILE PHOTO: The Fox News electronic ticker is seen outside the News Corporation building in New York City

News Corp has retained Allen & Company LLC as its financial adviser, the company said in a statement.

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