News Corp profits boosted by cable television

Rupert Murdoch Rupert Murdoch is News Corp's chairman and chief executive

Related Stories

Rupert Murdoch's News Corp has reported better-than-expected results on the back of growth in its television and entertainment businesses.

The company's net income for the first three months of the year was $2.85bn (£1.83bn), up from $937m a year ago.

However, the figure was boosted by big one-off items, including the purchase and sale of television networks.

Underlying operating profits revealed a divide between News Corp's publishing and entertainment businesses.

Operating income from publishing, which includes newspapers such as the Times and the Wall Street Journal, as well as the HarperCollins book business, fell 35% to $85m.

Operating income in entertainment, which includes Fox News, FX and US sports networks, rose 17% from a year ago to $993m.

News Corp said it was on course to split its publishing business from its more successful entertainment arm by the end of June.

Mr Murdoch, News Corp's chairman and chief executive, said the performance boded well for the future.

"As we make progress toward the proposed separation of our entertainment and publishing businesses later this year, I am confident in the future prospects for both businesses," he said.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

  • Dr Mahinder Watsa Dr Sex

    The wisecracking 90-year-old whose advice column is a cult hit


  • Payton McKinnonKilling heat

    Why so many American children die in hot cars


  • Vice-President Joe Biden.Joe v Hillary

    What needs to happen for Biden to be the next president


  • USA fanSoccer punch

    Has the US finally fallen in love with the beautiful game? BBC Sport


Elsewhere on the BBC

  • Kyoto.Falling for Kyoto

    Acclaimed writer Pico Iyer describes an enchanting first stroll through the city

Programmes

  • (File photo) Usain BoltClick Watch

    Challenging the world's fastest man to a virtual race over 40m – can you keep up?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.