News Corp Quarterly Revenue Falls, Profit Rises

NEW YORK (Reuters) - News Corp reported lower revenue on Wednesday because of advertising declines at its television stations and newspapers, while profit rose because of stronger performance at its cable television, movie and book units as well as cost cuts.

Sections:  business   
RELATED ARTICLES
  • US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • Hasbro's results beat expectations
    Toymaker Hasbro sees its results beat market expectations, despite seeing its losses widen as it continues cost-cutting efforts. More
  • News Corp settles phone hacking case
    News Corp reaches a $139m (£91m) settlement with shareholders over complaints filed in relation to the UK phone hacking scandal. More
  • Bank of America profits jump after cost cutting
    Bank of America has reported a sharp rise in profits after it shed costs and set aside less money for bad loans. The bank reported first quarter net income of $2.3bn (£1.5bn), after making $328m in the same quarter a year ago. More
  • News Corp. Picks Name: 21st Century Fox
    News Corp. will change its name to 21st Century Fox after its newspaper and book-publishing assets are spun off. More
BING NEWS:
  • Costco posts higher first quarter revenue, profit helped by holiday demand
    Investing.com -- Costco Wholesale Corp (NASDAQ:COST) reported higher quarterly revenue and better-than-expected profit on Thursday, as budget-conscious consumers turned to its warehouses for ...
    12/12/2024 - 9:56 pm | View Link
  • Costco tops quarterly sales, profit estimates on steady early holiday demand
    Costco Wholesale beat first-quarter revenue and profit expectations on Thursday as its bulk and discounted offerings, appealing to budget-conscious American shoppers, drove early holiday-season sales ...
    12/12/2024 - 4:14 pm | View Link
  • Ciena Corp. Q4 Profit Decreases, Misses Estimates
    Ciena Corp. (CIEN) revealed a profit for fourth quarter that decreased from the same period last year and missed the Street ...
    12/12/2024 - 12:04 am | View Link
  • Oracle Falls Most in Year After Posting Disappointing Growth
    Oracle Corp. reported quarterly revenue in line with estimates, disappointing investors who have boosted the stock to a record high in recent weeks on enthusiasm for the company’s ascendant cloud ...
    12/10/2024 - 1:39 am | View Link
  • Oracle Corp. Q2 Profit Increases, But Misses Estimates
    Oracle Corp. (ORCL) revealed earnings for its second quarter that increased from the same period last year but missed the Street ...
    12/9/2024 - 9:12 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News