NewsCorp sees higher profits as subscriptions rise

Profits rose in the past quarter at Rupert Murdoch's News Corp, led by gains in digital subscriptions at the Wall Street Journal and newspapers in Britain and Australia, the company said Wednesday.

News Corp reports loss on writedowns, weakness in newspapers

Rupert Murdoch's newspaper-focused News Corp on Thursday reported a loss in the past quarter, as results were hit by a writedown in the value of its Australian television operations and declines in print advertising revenues.

News Corp reports profit jump to $87 mn

US media group News Corp said Thursday it returned to profit in the past quarter, as it saw improvements in digital subscriptions at the Wall Street Journal and other newspapers.

Newspaper woes drag News Corp to loss

Weakness in newspaper advertising dented quarterly results of News Corp., which swung to a loss in the past quarter of declines in advertising and circulation, results showed Monday.

News Corp pushed to profit by digital thrust

News Corp on Monday said that it turned a quarterly profit with help from digital efforts that made up for declines in newspaper advertising at Rupert Murdoch's media giant.

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News Corporation

News Corporation (often abbreviated to News Corp.) is one of the world's largest media conglomerates. The company's Chairman, Chief Executive Officer and Founder is Rupert Murdoch.

News Corporation is a publicly-traded company listed on the Nasdaq and the Australian Securities Exchange and as a secondary listing on the London Stock Exchange. Formerly incorporated in South Australia, the company was re-incorporated into Delaware General Corporation Law after a majority of shareholders approved the move on 12 November 2004.

News Corporation's headquarters is at 1211 Avenue of the Americas (Sixth Ave.), in New York City, in the newer 1960s-1970s corridor of the Rockefeller Center complex.

Revenue for the year ended 30 June 2008 was US$32.996 billion with an operating income of US$5.381 billion. Almost 70% of the company's sales come from its US businesses. On 16 January 2009 the Government Accountability Office reported that News Corp has 152 subsidiaries in low-tax or no-tax countries, one of four companies to have more than 100.

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