NEW YORK (AP) — News Corp., the publishing company controlled by Rupert Murdoch, reported second-quarter earnings that exceeded Wall Street forecasts while revenue declined as expected, reflecting slower advertising sales.

Net income in the three months through Dec. 31 amounted to $150 million, or 26 cents per share. That was less than the $1.40 billion in profit the company reported a year earlier, when it recorded a $1.3 billion gain from its acquisition of Australian pay TV company Consolidated Media Holdings Ltd.