TV Drives Up News Corp. Earnings
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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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LONDON - Rupert Murdoch&#39;s News Corporation has reported a solid rise of 27% in first-quarter net income to $536m (Â£290.4m), boosted by growth in its broadcast and newspaper divisions.
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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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News Corp. reported an 80 percent jump in net profits for the last three months of 2004 Wednesday driven by big gains in home video sales at its Twentieth Century Fox film studio and also higher income at its Fox News Channel and other cable networks.
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Comcast Corp , the largest U.S. cable TV operator, posted on Thursday a 2 percent rise in quarterly profit excluding one-time items but lost more basic video subscribers than analysts had expected.
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News Corp. (NWSa.N) on Tuesday  said its quarterly net profit rose 19 percent boosted by  advertising sales at the Fox News Channel, "Ice Age: The  Meltdown" film ticket sales and a gain from the sale of radio  stations.
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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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SYDNEY (Dow Jones)--Australian television broadcaster Seven Network Ltd. (SEV) said Tuesday net profit jumped 59% to A$93.3 million for the fiscal year ended June 26, boosted by profit proceeds from the sell down of its stake in B Digital.
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The cable operator reported fourth-quarter net income of $602 million on solid revenue gains as customers spent more for cable TV. The company also said it will start paying a quarterly dividend.
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Fourth-quarter earnings rose 3 percent as record levels of political advertising on its broadcast outlets helped offset higher newspaper costs.
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Media company Gannett Co Inc. GCI.N  on Tuesday reported higher quarterly profit, propelled by  advertising sales gains at its newspapers and broadcast  television stations.
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Publisher and broadcaster Tribune Co.  TRB.N on Wednesday said third-quarter earnings would lag Wall  Street estimates, hurt by lower-than-expected political  advertising at its television stations.
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Media conglomerate News Corp.  said on Wednesday its quarterly sales rose helped by higher "Borat" box office sales and "X-Men" DVDs, but profit fell due to one-time gain a year earlier.
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Comcast Corp, the largest U.S. cable  TV operator, posted on Thursday a 2 percent rise in quarterly  profit excluding one-time items but lost more basic video  subscribers than analysts had expected.
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Comcast (CMCSA:Nasdaq - news - research) came up short on the bottom line for the third quarter, but subscriber growth figures came in well ahead of Wall Street&#39;s expectations.
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Time Warner Inc., the world's largest media company, on Friday said its quarterly net profit rose by 76 percent, boosted by digital video, high-speed Internet and higher advertising sales at its cable networks.
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Tribune Co.  reported a better-than-expected rise in quarterly profit on Thursday helped by an extra week in the quarter that boosted advertising revenue at the company's newspapers.