Rupert Murdoch: "Encouraging trends"
The U.S. media conglomerate News Corporation has continued to emerge from its crisis, thanks in part to its box-office hit *Ice Age 3*. Its U.S. rivals, Viacom and Time Warner, are also reporting a more favorable outlook.
Rupert Murdoch sees "encouraging trends" for the company he controls in most business areas, as reported by SDA on Thursday. On the downside of his empire, however, was once again the struggling newspaper business. On the bottom line, News Corp. earned 571 million dollars in its first quarter ended September - eleven percent more than a year earlier.
US rivals Viacom (MTV, Paramount) and Time Warner (CNN, Warner Brothers) are also talking about a more favorable outlook. Many believe that a turnaround in parts of the media industry is possible or has already been achieved. Walt Disney will present its figures next week.
US rivals Viacom (MTV, Paramount) and Time Warner (CNN, Warner Brothers) are also talking about a more favorable outlook. Many believe that a turnaround in parts of the media industry is possible or has already been achieved. Walt Disney will present its figures next week.
