US-bound News Corp posts strong Q1 profits
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Media giant News Corp today posted a 27% rise in first quarter net profit today, prompting chief Rupert Murdoch to declare that the US-bound company is on the cusp of a new era of prosperity.
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The mortgage giant returns to quarterly reporting with its Q1 earnings.
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The company's fourth-quarter earnings beat analyst expectations.
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News Corp  reported on Wednesday a 23 percent rise in quarterly operating profit, helped by strong box-office sales for "The Simpsons," but said it could face a "rough" economic climate next year.
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ADC Telecommunications Inc.  posted a sharp increase in quarterly profit on Wednesday, beating expectations, and gave a forecast that topped current estimates, sending shares 3 percent higher.
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News Corp. saw healthy gains in profit and revenue in the fiscal first quarter - helped by growth in advertising at the Fox News Channel and the Fox broadcast network, as
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The New York Times Co  reported higher profit and revenue on Tuesday because of a rise in national advertising and circulation revenue, a contrast to a downbeat earnings season for other U.S. newspaper publishers.
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Dow Jones & Co. Inc. , which soon could be bought by News Corp.  for $5 billion, reported on Thursday that quarterly profit fell because of one-time charges, while revenue rose because of strength in its digital businesses.
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GLOBAL media giant News Corp succumbed to intense institutional pressure yesterday and agreed to retain its full foreign listing on the Australian Stock Exchange if shareholders approved the company&#39;s proposal to shift to the United States.
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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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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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Media conglomerate News Corp.  said on Wednesday its quarterly profit fell due to one-time gain a year earlier, offsetting higher "Borat" box office sales and "X-Men" DVDs and a rise in affliate revenue for Fox News.
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Goldman Sachs Group Inc., the third- largest US securities firm, said profit rose 30 percent as fixed-income and commodities trading revenue increased by almost $1 billion and fees from mergers advice climbed.
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SYDNEY : Rupert Murdoch said his US-bound media giant News Corp. is on the &quot;cusp of a new and more prosperous era&quot; as it reported a jump in earnings and rival mogul John Malone moved to increase his stake in the company.
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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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Earnings at News Corp., the media conglomerate run by Rupert Murdoch, rose 27 percent in the latest quarter on stronger results from broadcast television, cable networks and newspapers, the company reported Wednesday.
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The media firm founded by US lifestyle guru Martha Stewart has reported strong quarterly profits, boosted by magazine ad sales.