Consolidated Media (ASX:CMJ) boosts FY10 profit 27.2%

Consolidated Media (ASX:CMJ) boosts FY10 profit 27.2%

Consolidated Media Holdings (ASX:CMJ), part-owner of Foxtel pay and TV content producer Premier Media Group, has reported a 27.2% increase in operating profit for FY10 to $89.5 million.

Foxtel contributed $29.9 million to these earnings, with Premier Media contributing $54 million.

CMH commenced a buy-back program in 1H10, recouping 10% of its shares for $210.9 million.

The company said it may resume a buyback after the blackout period of its security trading policy lifts on August 23.

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Tags financial resultsfoxtelshare buybackConsolidated MediaASX:CMJ

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