Fox News Channel’s operating income soared 30% in the quarter ending June 30, “thanks to sharply higher advertising revenue,” Newsday says.
Yesterday News Corp. “posted a 67-percent increase in fourth-quarter profit, beating analysts’ forecasts,” according to Reuters.
The quarter was weak for Fox broadcast units, but “cable networks did far better,” Broadcasting & Cable says, adding that FNC “is carrying the division.” Related:
> Bloomberg: “Cable TV ad sales boost News Corp.”
> AP: “Murdoch plans major Internet expansion.”
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