/
11.10.2008
Originally featured on BroadcastEngineering.com
Revenues for News Corp. down 30 percent

News Corp. announced that its first-quarter net income fell 30 percent from a year ago because of a large write-down and a drop in ad revenue at its TV stations.

Net income at the company, headed by billionaire Rupert Murdoch, fell to $515 million. In the period a year earlier, net income was $732 million.

A write-down included $447 million in investment losses from Premiere AG, a Germany pay TV and radio channel service. Movie revenue from Twentieth Century Fox and other studios fell 20 percent to $1.3 billion in the quarter, and television revenue fell 15 percent to $974 million. But cable network programming revenue rose 19 percent to $1.3 billion.



Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 2:01PM
IBC APP Now Available
I downloaded the app and found it useful for my main IBC pitfall


 
Featured Articles
Discover TV Technology