MEDIA & ENTERTAINMENT
- Share via
News Corp. Profit Soars: News Corp. more than doubled its profit in its fiscal third quarter and attributed the gain to improved results in its print media and television operations. The Sydney, Australia-based media conglomerate earned $129.6 million in the three months ended March 31, or 62 cents per American depository receipt, compared to $59.4 million, or 32 cents per ADR, in the comparable period of 1992. Revenue for the quarter fell slightly, to $1.81 billion. Its U.S. holdings include Fox television network, 20th Century Fox film studios and the Boston Herald newspaper.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
