news corp profit jumps 47 on film cable
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

News Corp. profit jumps 47% on film, cable

Arab Today, arab today

Arab Today, arab today News Corp. profit jumps 47% on film, cable

Washington - AFP

News Corp. reported Wednesday a strong gain in quarterly profits, boosted by its Hollywood entertainment unit and cable television operations in the United States, Asia and Latin America. The conglomerate controlled by magnate Rupert Murdoch said its profit in the fiscal third quarter ended March 31 was up 47 percent to $937 million, beating most analyst forecasts, as revenues rose two percent to $8.4 billion. The profit amounted to 37 cents a share, better than the Wall Street consensus of 31 cents per share. "Once again News Corporation showed strong operational momentum in the quarter, driven by significant growth at our cable network programming and filmed entertainment segments," Murdoch, the chairman and chief executive, said in a statement. "With our disciplined approach to monetizing our brands, I believe we are better situated than ever to capitalize on the increasing global demand for our superior content." The results include a $63 million charge related to the costs of the ongoing investigations in a phone hacking scandal in Britain linked to The News of the World, which was shut down after revelations of its activities. News Corp., which owns the Fox television networks and 20th Century Fox movie studio in addition to newspapers in Australia, Britain and the United States, reported gains in most of its units excluding broadcast television, which did not air the Super Bowl this year and saw declines in the "American Idol" show. Cable operations generated $846 million in operating income, a 15 percent jump from a year ago, led by US sports channels and growth in Latin America and Asia. The entertainment unit showed operating income up nearly 10 percent at $272 million, boosted by the latest "Alvin and the Chipmunks" film and "Rise of the Planet of the Apes," released for home users, as well as key TV shows. The publishing unit accounted for operating earnings of $130 million, a sharp increase from a year ago when News Corp. took a $125 million litigation settlement charge. But the company said revenues were hurt by advertising declines at the Australian and British newspapers, as well as the closing of The News of the World, offset in part by "improved contributions" from Dow Jones, which publishes The Wall Street Journal, and its HarperCollins book division.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

news corp profit jumps 47 on film cable news corp profit jumps 47 on film cable

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

news corp profit jumps 47 on film cable news corp profit jumps 47 on film cable

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday