At the Fox Broadcasting Company, prime-time ratings in the US were
up 13 per cent over the prior year among adults 18-49, driven by
the record-breaking performance of American Idol (expected in India
early next year), which was the summer's top-rated series on any
In Asia, Star's operating results continue to improve, with losses
declining 27 per cent compared to last year. The gains were fueled
by 15 per cent revenue growth primarily from subscription and advertising
revenue increases, and mainly on the back of the exemplary performance
by the jewel in News Corp's Asian crown - Star Plus in India. Industry
reports say as much as 80 per cent of Star's income in Asia is being
generated out of India.
Star's revenue gains were partially offset by costs associated
with developing new platforms (DTH and FM radio in operations in
India among them) and expanding existing channels as Star continues
to drive distribution and ratings across the region.
The overall gains were achieved despite lower operating income
at the company's Fox movie studio and its newspapers in the UK.
The company's magazine division posted a modest gain in operating
income, mostly due to its coupon business, as did its HarperCollins
book publishing unit.