News Corp benefits from rising advertising revenues
Dank guter Geschäfte mit Kabelfernsehen und wieder anziehenden Werbeeinnahmen klingeln beim US-Medienkonzern News Corp die Kassen. Der von Rupert Murdoch kontrollierte Konzern verzeichnete im vierten Quartal des am 30. Juni abgelaufenen Geschäftsjahres einen Gewinn von 875Millionen Dollar.
In the previous year, a loss of 203 million dollars was recorded due to write-downs. This was announced by the company on Wednesday. Sales increased by five percent to 8.11 billion dollars, slightly exceeding analysts' expectations of 8.05 billion dollars. News Corp shares rose by three percent in after-hours trading.
In addition to the Sky pay-TV channel, the Group also owns the Wall Street Journal, the British newspaper Sun and the film studios Twentieth Century Fox. The operating profit of the newspaper business increased by 20 percent thanks to rising advertising revenues. According to SDA, News Corps earned a net profit of 2.5 billion dollars for the full 2009/10 financial year, following a loss of 3.4 billion dollars a year earlier. Murdoch is confident about future developments. The media mogul expects further growth.
www.sda.ch
In addition to the Sky pay-TV channel, the Group also owns the Wall Street Journal, the British newspaper Sun and the film studios Twentieth Century Fox. The operating profit of the newspaper business increased by 20 percent thanks to rising advertising revenues. According to SDA, News Corps earned a net profit of 2.5 billion dollars for the full 2009/10 financial year, following a loss of 3.4 billion dollars a year earlier. Murdoch is confident about future developments. The media mogul expects further growth.
www.sda.ch
