Advertisement
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.
