Broadcast growth helps News Corp profit rise to $536m
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LONDON - Rupert Murdoch&#39;s News Corporation has reported a solid rise of 27% in first-quarter net income to $536m (Â£290.4m), boosted by growth in its broadcast and newspaper divisions.
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Rogers Communications Inc. credited surging earnings at its fast-growth wireless unit and foreign exchange gains for the cable, media and telecom group&#39;s third-quarter return to profit Tuesday.
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News Corp. said on Wednesday that quarterly revenue rose 18 percent, helped by "Borat" movie ticket sales and "X-Men" DVDs, and it issued a very optimistic profit outlook for its Internet division next year.
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The advertising services company said fourth-quarter profit rose 13 percent to $313.9 million, slightly ahead of expectations, with revenue increases in the United States and internationally.
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Comcast Corp , the largest  U.S. cable TV operator, on Thursday reported a small rise in  profit as it lost basic video subscribers during the third  quarter due to stronger competition from rival video services  through satellite and telephone operators.
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SYDNEY (Dow Jones)--Australian television broadcaster Seven Network Ltd. (SEV) said Tuesday net profit jumped 59% to A$93.3 million for the fiscal year ended June 26, boosted by profit proceeds from the sell down of its stake in B Digital.
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Satellite broadcaster British Sky Broadcasting Group PLC reported strong growth in subscribers Friday and a jump in revenue that exceeded analysts' expectations, underpinning a 3 percent rise in quarterly net profit.
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Time Warner Inc., the world's largest  media company, on Friday said its quarterly net profit rose by  76 percent, boosted by digital video, high-speed Internet and  higher advertising sales at its cable networks.
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A LANDSLIDE shareholder vote backing News Corporation&#39;s move to the US sent shares in the media group up 3.1 per cent yesterday.
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The company said it earned $52 million in the fourth quarter on strong U.S. and international sales. Its shares climbed more than 7 percent in morning trading.
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The News Corporation, the media company controlled by Rupert Murdoch, said yesterday that its fiscal first-quarter profit rose 27 percent, in part because advertising sales increased at its cable networks, like the Fox News Channel.
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Media company E.W. Scripps Co. SSP.N  on Wednesday raised its forecast for broadcast television  advertising revenue in the current quarter, citing a  stronger-than-expected market for political commercials in  October.
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Media conglomerate News Corp.  said on Wednesday its quarterly sales rose helped by higher "Borat" box office sales and "X-Men" DVDs, but profit fell due to one-time gain a year earlier.
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HONG KONG China Telecom, the publicly traded unit of China&#39;s biggest fixed-line operator, said Wednesday that profit in the first half of the year rose 13 percent after it bought networks from its parent and expanded a service that competes for mobile
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Media conglomerate Time Warner Inc.  said on Wednesday fourth-quarter profit rose 38 percent, boosted by an investment gain and a rise in AOL advertising sales.
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Viacom Inc. VIAb.N on  Thursday said its quarterly profit from continuing operations  rose 12 percent on higher cable network advertising sales and  announced a larger-than-expected stock repurchase, sending its  shares up 3 percent.
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Media conglomerate News Corp. (NWSa.N)  said on Wednesday its quarterly sales rose helped by higher  "Borat" box office sales and "X-Men" DVDs, but profit fell due  to one-time gain a year earlier.