Gannett posts quarterly profit on ad sales rise
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Gannett Co. Inc.  posted a better-than-expected 3 percent rise in quarterly profit on Friday, boosted by higher advertising demand at its newspapers and a rise in political ad sales at its TV stations.
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The company posted quarterly net profit of $904 million and revenue of $6.22 billion, up 29 percent from a year earlier.
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Newspaper publisher Gannett Co Inc.  GCI.N will need to see advertising demand pick up for its  fourth-quarter earnings to meet the consensus target of Wall  Street analysts, its chief financial officer said on Wednesday.
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Gannett Co. (NYSE:GCI) , the largest newspaper publisher in the country and owner of USA Today, reported increased profits from the second quarter on Wednesday on the sale of several newspapers. Excluding the gain, earnings fell on weaker advertising.
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News Corp., the media company controlled by Rupert Murdoch, said fiscal first-quarter profit rose 27 percent, partly because advertising sales increased at its cable-television networks including Fox News Channel.
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Media conglomerate News Corp.  on Wednesday posted a higher quarterly profit, boosted by strong DVD sales of the film "Day After Tomorrow" and advertising sales at its cable networks.
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Australian media empire Publishing &amp; Broadcasting Ltd. reported Thursday a 75 percent jump in earnings for the fiscal year ending June 30, thanks to a strong economy and a rebound in advertising revenue.
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Clothing retailer Limited Brands Inc.  LTD.N on Thursday posted a sharply higher quarterly profit,  lifted by a rise in sales at stores open at least a year.
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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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Washington Post Co. WPO.N said on  Friday that quarterly profit jumped, beating analysts'  forecasts, boosted by results at its Kaplan education unit and  television broadcasting operations.
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Tribune Co.  reported a better-than-expected rise in quarterly profit on Thursday helped by an extra week in the quarter that boosted advertising revenue at the company's newspapers.
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Media conglomerate News Corp. NWS.N  on Wednesday said its quarterly profit rose 80 percent, boosted  by strong DVD sales of the film "Day After Tomorrow" and  advertising sales at its cable networks.
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News Corp.'s earnings rose 19 percent as stronger results from cable networks, broadcast television and movies outweighed a slump in newspapers, the media company reported Tuesday. Results were also lifted by a gain from selling a European radio business.
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The Internet media company's quarterly profit was boosted by stronger online advertising and its acquisition of Overture Services.
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Cisco Systems Inc. , the largest maker of communications gear to direct traffic over the Internet, on Tuesday said quarterly earnings rose, benefiting from higher sales in advanced technologies and the impact of a year-earlier accounting change.
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By staff writers and wires. KERRY Packer&#39;s Publishing and Broadcasting Ltd today reported a 75.4 per cent rise in annual net profit to $688 million with strong ads growth in its television and magazine divisions
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Rupert Murdoch's News Corp (NWSa.N)  posted a moderate rise in fiscal second-quarter profit on  Monday on higher advertising sales at its Fox News channel and  the Fox television network, offsetting a decline in its movie  studio business.