News Column

News Corp. Profits Triple

May 9, 2013
news corp

Media conglomerate News Corp reported a tripling of its third quarter net profit, as it earned income of 2.82 billion dollars on revenues of 9.54 billion dollars.

The increased profit was largely due to a windfall from the sale of its stake in New Zealand's Sky Network Television and increased ownership of Sky Deutschland. Without those two items, the company's profits would have been essentially flat.

The company's cable network programming, television, and filmed entertainment divisions all boosted profits. But its satellite television and publishing business both saw profits slide.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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