Menu
Menu
News Corp swings back to black in Q2

News Corp swings back to black in Q2

Media conglomerate News Corp (ASX:NWS) has announced that it swung back into black y-o-y last quarter, reporting a net income of US$254 million ($286.2 million).

The company, which recorded a net loss of $6.4 billion in the previous corresponding period, said it had nearly tripled its film and TV earnings to $324 million.

Its cable division boosted its operating income by $156 million, but its satellite arm swung to a loss of $30 million from a $10 million profit a year ago.

In an earnings call, CEO Rupert Murdoch said the company would continue with its strategy of charging for online access to its newspaper content.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags multimediafinancial resultsnews corp

More about News

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO