International Edition

Thursday

July, 28, 2016

Breaking News, World News and Taiwan News.
About Us
Subscribe
Advertise
Contact Us

News Corp. beats Wall Street forecast with revenue from pay TV, 'Life of Pi'

LOS ANGELES -- News Corp. beat Wall Street's forecast for the January-March quarter, helped by growing revenue from pay TV networks including Fox News Channel and FX, and the hit 20th Century Fox movie "Life of Pi."

The New York-based company controlled by billionaire Rupert Murdoch also said Wednesday that it benefited from raising its stake in satellite TV company Sky Deutschland. It now holds a majority stake.

News Corp.'s net income jumped to US$2.85 billion, or US$1.22 per share, from US$937 million, or 38 cents per share, a year ago.

Excluding items such as the one-time US$2.1 billion profit related to Sky Deutschland, adjusted earnings came to 36 cents per share, a penny better than expected by analysts surveyed by FactSet.

Revenue rose 14 percent to US$9.54 billion, also better than the US$9.14 billion expected by analysts.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search