Murdoch's News Corp books $7.66 bn annual profit
Quotes

Murdoch's News Corp books $7.66 bn annual profit

Last Updated: Wednesday, August 07, 2013, 18:21
 
 Comment 0
 
Murdoch's News Corp books $7.66 bn annual profit
Sydney: Rupert Murdoch's 21st Century Fox, formerly known as News Corp, has reported a boost in annual profit with an increase of 10 percent over 2012 revenue.

The company's profit from continuing operations rose to 1.10 billion dollars in last three months, News.com.au reports.

21st Century Fox's annual profit from continuing operations came in at 7.66 billion dollars, the report added.

Earlier, Murdoch's global media empire News Corp had split its broadcast and publishing operations into separate companies.

The profitable pay TV, broadcast TV and film operations became 21st Century Fox.

The company's Australian, US and UK newspapers, book publishing arm and Australian pay TV business became News Corp.

John Nallen, 21st Century Fox's chief financial officer, said the company's overall growth in 2014 would be driven by the company's cable TV segment and launch of sports network in US and Asia.

However, the filmed entertainment business would be down than the past year, he further added.

Meanwhile, the company is also expecting adverse currency effects, principally from Latin American currencies and the Indian rupee, to impact 2014 growth.

ANI


First Published: Wednesday, August 07, 2013, 18:21


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved