Australian Media Giant Posts Earnings Jump
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Australian media empire Publishing &amp; Broadcasting Ltd. reported Thursday a 75 percent jump in earnings for the fiscal year ending June 30, thanks to a strong economy and a rebound in advertising revenue.
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The Australian sharemarket finished sharply higher today as resource giant BHP Billiton helped lead the market to a recovery from yesterday&#39;s falls.
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News Corp. Chairman and Chief Executive Rupert Murdoch&#39;s pay rose 42 percent to $17 million as television shows such as ``American Idol&#39;&#39; and viewer gains at the FX cable network lifted profit in fiscal 2004.
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Strong sales at newspapers, TV and cable help Rupert Murdoch&#39;s media empire post two cents higher. LOS ANGELES  - Rupert Murdoch&#39;s News Corp.
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Macquarie Bank Ltd. (MBL.AX: Quote, Profile, Research) , Australia&#39;s largest investment bank, beat expectations with a 17 percent rise in first-half profit on
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NEW YORK - Earnings at News Corp., the media conglomerate run by Rupert Murdoch, rose 27 percent in the latest quarter on stronger results from broadcast television, cable networks and newspapers, the company reported Wednesday.
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British pay-TV company BSkyB said its first-quarter profit climbed as its closely-watched subscriber growth figures surpassed analyst expectations.
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SYDNEY (Dow Jones)--Insurance Australia Group Ltd. (IAG.AU) said Thursday net profit rose to A$665 million for the year ended June 30, compared with A$153 million a year earlier.
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The companyâs second-quarter profit rose 37 percent after factoring in losses from assets it sold, but on a continuing basis results fell on buyout costs at its newspapers.
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Profits at Australian mining firm WMC Resources rise fivefold as reports say the government is opposed to a bid from a Swiss firm.
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Profits at Time Warner, the world's biggest media group, are boosted 76% by ad revenues and high-speed internet sales.
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Rupert Murdoch&#39;s News Corp. posted a higher profit Wednesday for its fiscal first quarter, driven by strong revenue gains in its broadcast and cable TV operations.
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AUSTRALIA and New Zealand Banking Group has seen its second-half profit jump 18 per cent following the acquisition of New Zealandâs biggest bank, coupled with a strong demand for credit.
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Media giant News Corp today posted a 27% rise in first quarter net profit today, prompting chief Rupert Murdoch to declare that the US-bound company is on the cusp of a new era of prosperity.
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News Corp. said quarterly earnings were up 1 percent from a year earlier as results from the Fox broadcast network and news channel outweighed lighter returns from movies and TV production.
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The media giant more than doubles the charge it will take to cope with its infamous circulation inflation.
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SYDNEY: Australian newspaper job advertising had its largest monthly gain in six months in August, a private survey said, supporting expectations wage inflation could rise and interest rates will increase in coming months.