7 February 2013 - 9:37am | posted by | 0 comments

News Corporation sees quarterly profits double

News Corporation sees quarterly profits doubleNews Corporation sees quarterly profits double

News Corporation has reported a doubling of its quarterly profits in the wake of its acquisition of Fox Sports Australia and Fox Star Sports Asia, raking in $2.4bn in the three months to the end of December, compared to just $1.1bn over the same period a year earlier.

The media conglomerate bulging bank balance was boosted by an uptick in its publishing operations despite being forced to shell out a further £35.8m in costs related to an ongoing phone hacking investigation.

Rupert Murdoch attributed his firm’s double digit gains to a strong performance of their cable TV business as well as the launch of the Sun on Sunday last February.

News Corp is currently progressing plans to cleave its operations in two; with one half handling publishing and education and the other focusing on media and entertainment.

Be the first to comment on this article: sign in or register.

Latest Projects from the Profile Hub

Cotswolds Distillery Inaugural Release

23/10/2014
The first ever Cotswolds Dry Gin from the first 10 runs at...

Jurlique's #AgelessBeauties Twitter Party Increases Sales!

22/10/2014
To celebrate Jurlique’s latest product range launch; Nutri-...

EMCAS

22/10/2014
OVERVIEW Financial mis-selling is an ever-growing issue –...

Visit Wales - creating romantic breaks

22/10/2014
Delivering 1000% increase in 'romantic' traffic Challenge...

Recruitment campaign

21/10/2014
Thermal Systems are an international client based in...