![]() News Corp shares have risen sharply since. Last year, News Corp moved to sell its coupon-publishing unit News America Marketing and video-advertising platform Unruly. The Dow Jones unit, which also publishes MarketWatch and Barron’s, will operate Investor’s Business Daily. News Corp said on Thursday that it had agreed to buy Investor’s Business Daily for $275 million, adding another publication catering to investors to its portfolio. The companies expect the transaction to close in the second quarter. HarperCollins expects cost savings of more than $20 million annually within two years, including in manufacturing and distribution, out of the deal, News Corp said. “They have a good team and it should help us accelerate our own children’s activities on that front,” he said. Murray also cited Houghton’s focus on transforming its children’s titles and brands into streaming and interactive-gaming opportunities. In an interview, HarperCollins Chief Executive Brian Murray described Houghton’s catalog of children’s and adult titles as a “crown jewel.” The unit’s children portfolio includes the “Little Blue Truck” and “Curious George” series, and other favorites such as “The Polar Express” and “Jumanji.” News Corp is focusing investments on growth areas including books, digital real estate, and the Dow Jones unit, a person familiar with the situation said.
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