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News Corp. reports higher revenue, earnings

Published on .

New York—News Corp., which acquired Dow Jones & Co. in December, Thursday posted net earnings of $2.69 billion, up from $871.00 million, on revenue of $8.75 billion. Consolidated operating income totaled $1.40 billion, up from $1.20 billion.

“Our 16% revenue and operating income growth this past quarter is a great illustration of how the diversity of our asset base is translating into sustained financial success,” News Corp. Chairman-CEO Rupert Murdoch said in a news release. “We delivered growth from advertising-based businesses, such as our television stations and broadcast network, and we delivered growth from subscription-based businesses, such as our domestic cable channels. We delivered growth from established businesses, such as our newspapers, and we delivered growth from our developing assets, such as our international cable channels and Fox Interactive Media.”

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