News Corp (NWS) Posts Strong Numbers, Interactive Unit Profitable

August 8, 2007 by Douglas A. McIntyre

News Corp’s (NWS) interactive unit made money last quarter, driven by advertising and search revenue at MySpace.

For the quarter ending June 30, the entire company had net income of $890 million up 24%. Revenue rose to $7.37 billion from last year’s $6.78 billion.

Operating income from films dropped from $200 million last year to $109 million in the most recent quarter. Broadcast operating income dropped slightly to $385 million. Cable programming operating income was up $90 million to $284 million. Newspaper operating income was up slightly to $203 million.

Douglas A. McIntyre

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