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News Corp. shares pop after posting surprise revenue gain

News Corporation building in New York
Adam Jeffery | CNBC

News Corp. gained nearly 4 percent on Tuesday after the media company posted an unexpected revenue gain.

The parent company of Dow Jones and The Wall Street Journal announced mixed fourth-quarter earnings on Monday afternoon. The media giant attributed positive news to its growing digital reach, which makes up 23 percent of segment revenues compared to 19 percent in the year-ago period. Global print ads posed challenges, according to a release.

"With the advertising marketplace in upheaval and, rightly under increased scrutiny, we believe the need for trusted content and premium audiences will only increase," said News Corp. Chief Executive Officer Robert Thomson in a statement.

The company's shares are down slightly so far this year.

Scripps Networks Interactive slumped 7 percent on Tuesday after posting an earnings miss, even though the company's ad revenues soared past $500 million for the first time. The media company posted second quarter earnings on Tuesday of $1.42 per share on a revenue of $892.8 million, versus the expectations for $1.50 per share on sales of $893.5 million, according to Reuters.

Charter Communications surged more than 8 percent on Tuesday after the company reported second quarter earnings. The media conglomerate acquired Time Warner Cable last year.

Disney reported quarterly earnings and revenue that beat analysts' expectations on Tuesday afternoon, amid major announcements including an over-the-top streaming service for DirecTV.

The company posted third-quarter earnings of $1.62 per share on $14.28 billion in revenue. Analysts expected Disney to post earnings of $1.61 per share on $14.15 billion in revenue, according to a Thomson Reuters consensus estimate.

The stock was last down 1 percent in extended trading.

News Corp. year-to-date:

—CNBC's Christine Wang contributed to this report.