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Murdoch's News Corp earnings jump nearly 70 percent

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 11:16 AM
Original message
Murdoch's News Corp earnings jump nearly 70 percent
http://www.channelnewsasia.com/stories/afp_world_busine...

NEW YORK : Rupert Murdoch's News Corp announced first quarter net profit of 465 million dollars, up nearly 70 percent from the same time last year, with cable and satellite networks making a major contribution.

Turnover rose to 5.2 billion dollars from 4.39 billion in the first quarter of 2003 and in a statement released in New York by News Corp, Murdoch expressed his delight.

<snip>

News Corp. is already effectively run from New York and generates more than 75 percent of its revenues in the United States.

News Corp. is one of the world's largest media businesses with newspaper, television, film and Internet operations in the United States, Canada, Europe, Australia, Latin America and Asia. It recently added the DirecTV satellite network in the United States to broaden its global offerings.

Among its various units, cable television operating income rose 51 percent, the company said, citing strong advertising growth at Fox News and higher affiliate revenues at regional sports networks.

Television showed a 25 percent increase in operating income on the strength of its US Fox network advertising revenues and rises in income from its pan-Asian satellite channel, STAR TV. These came mainly from India.

...more...
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No Mandate Here. Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 11:30 AM
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1. Does anyone have any stats as to how much of *s ad buys are
going directly into Murdoch's pockets? It has to be big and it is pure profit.

We are all in big trouble if this class-war-redistribution-of-wealth continues.
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Voltaire99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 12:01 PM
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2. The business of whitewashing fascism pays...
...exceedingly well.
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