TVSpy LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

News Corp Earnings: FNC Reports 64% Operating Income Growth

newscorpnov10.jpgNews Corp. reported its first quarter earnings today. Check the Google News wire for details. Fox News helped raise the company’s revenue:

> Press release: “Fox News Channel (FNC) reported operating income growth of 64% for the first quarter as strong revenue growth, primarily from increased advertising, more than offset higher costs associated with covering hurricanes Katrina and Rita. Viewership in the quarter was up 31% in primetime and 30% on a 24-hour basis despite coverage of the Democratic and Republican National Conventions a year ago.”

> Bloomberg: “Higher sales at the company’s cable-television networks including Fox News Channel and FX outweighed higher programming costs for local sports and news at News Corp.’s 35 Fox television stations.”

> FT: “…Revenue rose 10 percent on the back of significant advertising gains from Fox News and the group’s movie studio.”

Mediabistro Course

Get $25 OFF Podcasting

PodcastingStarting July 31, learn how to develop and create your own podcast in just a a matter of weeks! In this course you'll learn how to determine the goals of your podcast, pinpoint your concept, contact and book guests, distribute and market your podcast and more. Get $25 OFF with code CLASS25. Register now!