News Corp. quarterly net profit up 65%

Feb 08, 2012
The News Corp. offices in New York. News Corp. said Wednesday that its net profit rose 65 percent in the second quarter of its fiscal year to $1.06 billion.

News Corp. said Wednesday that its net profit rose 65 percent in the second quarter of its fiscal year to $1.06 billion.

Revenue at Rupert Murdoch's media and entertainment empire was up two percent in the quarter over the same quarter a year ago to $8.98 billion.

Earnings per share of 39 cents were better than the 34 cents per share expected by .

. said growth in the quarter was led by its television and movie properties while its publishing segment suffered declines.

"I am particularly pleased with the success of our business strategies in spite of the uncertain economic conditions that we continue to face," Murdoch, News Corp.'s chairman and chief executive, said in a statement.

"News Corporation's commitment to delivering value to our stockholders is unwavering and we will continue to focus on generating superior shareholder returns," Murdoch said.

Explore further: Out-of-patience investors sell off Amazon

add to favorites email to friend print save as pdf

Related Stories

News Corp. net profit down but beats expectations

May 04, 2010

Rupert Murdoch's News Corp. said Tuesday that quarterly net profit declined 69 percent but revenue rose by 19 percent and the results beat the expectations of Wall Street analysts.

News Corp. net profit up 36 percent

Nov 03, 2010

News Corp. said Wednesday that its net profit rose 36 percent in the first quarter of its 2011 fiscal year to 775 million dollars, beating the expectations of Wall Street analysts.

News Corp. net profit dips on British charges

Nov 02, 2011

Rupert Murdoch's News Corp. posted a slight decline in quarterly net profit on Wednesday, partly due to one-time charges stemming from the phone-hacking scandal in Britain.

News Corp. net profit up on movie, cable TV showing

Nov 04, 2009

Global media giant News Corp. posted an 11 percent rise in quarterly net profit on Wednesday as strong results from its movie, cable television and book publishing divisions offset a newspaper slump.

News Corp. posts flat third quarter

May 07, 2009

Media giant News Corp. reported a flat quarterly net profit of 2.7 billion dollars on Wednesday as one-time items helped compensate for a slide in advertising revenue.

Recommended for you

Out-of-patience investors sell off Amazon

1 hour ago

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

States ascend into the cloud

8 hours ago

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Microsoft drops Nokia name from smartphones

10 hours ago

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division.

Amazon's loss makes holidays a question mark

10 hours ago

Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

User comments : 0