NWS 2.47% $18.96 news corporation..

news corp trashed

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    Sydney - Thursday - November 6: (RWE Aust Business News) - News
    Corporation (ASX:NWS) has posted first quarter consolidated operating
    income of $US953 million, a decline of 9 per cent against the $US1.05bn
    from the prior corresponding quarter.
    Revenue rose to $US7.5bn.
    First quarter net income of $US515m was against $US732m in the
    first quarter previously.
    SKY Italia operating income of $US165m was up $US117m.
    Cable Network Programming operating income was up 31pc to
    $US379m, led by advertising revenue gains at Fox News, FX and Big Ten
    Network.
    Magazines operating income was $US68m versus $SU79m previously.
    Newspapers and information services was $US134m versus $US93m.
    Filmed Entertainment was $US251m against $US362m.
    TV was $US54m versus $US183m, with improved results at MyNetwork
    TV offset by lower contributions from Fox Television Stations and STAR.
    "I'm pleased that our cable group continues to perform extremely
    well, SKY Italia remains a top performer and Fox Interactive Media is
    seeing revenue growth even in the face of negative macroeconomic
    conditions around the globe, including weak advertising markets," chief
    executive Rupert Murdoch said.
    "All media companies are being tested and the year ahead will be
    difficult.
    "I am confident that our long-term strategy of cultivating
    diversified assets at different stages of development, judicious
    investment of our capital and a strong balance sheet will guide us
    through these difficult times."
 
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