TITLE

Murdoch cautious despite 27% Q4 profits rise

AUTHOR(S)
Alarcon, Camille
PUB. DATE
July 2008
SOURCE
Marketing Week;7/31/2008, Vol. 31 Issue 31, p89
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of News Corp. for the fourth quarter of 2008. The company reported a 27% rise in the profit due to the strong performance of its film studios and cable television (TV) channels, and its British newspaper business, News International, reported slightly higher profits due to a drop in depreciation costs on printing equipment. Rupert Murdoch, chairman of News Corp., has warned that the challenging economic outlook would affect its future earnings.
ACCESSION #
45360401

 

Related Articles

  • TOUGH TIMES FOR NEWS CORP'S FILM DIVISION.  // Inside Film;Mar2009, Issue 118, p5 

    The article discusses the performance of News Corp's filmed entertainment division. It states that the company posted a gloomy half-year operating profit in more than three years, but the company is banking on profit-bolstering moving such as the "X-Men Origins: Wolverine" and the sequels to...

  • 'Grim' local ad market slows News Corp. Szalai, Georg // Hollywood Reporter;11/6/2008, Vol. 407 Issue 15, p14 

    The article reports that News Corp. has seen "a marked deterioration" in advertising momentum and currency trends since August 2008, forcing it to reverse its full fiscal-year operating profit guidance to a double-digit decline. In August, News Corp. predicted a 4% to 6% gain in fiscal year...

  • Murdoch's strategic vigour. Knapton, Tim // BRW;1/17/2008, Vol. 30 Issue 2, p51 

    The author offers his insights regarding the financial performance of News Corporation, an integrated media company owned and managed by global media tycoon Rupert Murdoch in the U.S. He explains the possible reasons why the company's stocks declined in the fiscal year 2006 as well as in 2007....

  • SURF'S UP FOR MOGULS ...and Rupe's rhapsodic. Goldsmith, Jill // Daily Variety;9/20/2006, Vol. 292 Issue 55, p1 

    The article reports that Rupert Murdoch, the head of News Corp. Ltd., knows clearly how the web site MySpace can help the company in earning money. Murdoch says that a variety of businesses such as advertising and Internet telephony can be run on the site. He says that MySpace has the potential...

  • CRAZY LIKE A FOX. Hutton, Jeffrey // BRW;5/15/2008, Vol. 30 Issue 19, p68 

    The article reports on News Corp. founder Rupert Murdoch's purchase of Dow Jones. According to Murdoch, increased subscriptions and online readership of Dow Jones content will more than double profit margins at the company's online unit. Half-year results of Dow Jones showed that profit at the...

  • Murdoch Eyes Sale of Asset to Reduce Liberty's Stake. Sherman, Jay // Television Week;2/7/2005, Vol. 24 Issue 6, p16 

    Reports that News Corp. Chairman Rupert Murdoch might consider selling an asset to buy back shares purchased in 2004 by Liberty Media. Percentage of Liberty's stake in News Corp.; Profit posted by Fox Entertainment Group, a News Corp.-controlled company that holds the U.S.-based entertainment...

  • Citizen Murdoch. Donaton, Scott; Jensen, Jeff // Advertising Age;6/13/1994, Vol. 65 Issue 25, p6 

    The article focuses on 63-year-old News Corp. chairman Rupert Murdoch. His acquisition of the Big 3 networks' affiliate base and the capture of National Football League rights from CBS Broadcasting Inc. have been perceived as brilliant strategic moves. His image in the media and financial...

  • For Murdoch clan, debt is not a concern. Szalai, Georg // Hollywood Reporter;10/20/2008, Vol. 407 Issue 1, p8 

    The article reports on the strong financial performance of media company News Corp. in the U.S. Rupert Murdoch, the company's chairman and chief executive officer (CEO), announces that it has no plans of selling the company's shares and plans to expand to its business operations despite the...

  • Lagging Units Blunt Earnings. Sherman, Jay // Television Week;5/9/2005, Vol. 24 Issue 19, p36 

    Reports on the financial performance of television broadcasting companies and cable television networks in the U.S. for the first quarter ended March 31, 2005. Decline in operating income of News Corp.'s television division Fox Broadcasting and cable division Fox News Channel; Plan of News...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics