Television

News Corp's Q1 Net soars 27 % to $ 536 million

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/02/10/News%20Corp.jpg?itok=azvTK4SB

MUMBAI: Media mogul Rupert Murdoch must be one happy man. If the brilliant first quarter results his News Corp has just delivered were not enough, that his choice for US president George W Bush has so convincingly won a second term in office must have given him additional reason to crow.

News Corp has announced a 27 per cent increase in its first-quarter (ending 30 September) Net, helped by growth in advertising at the Fox News Channel and the Fox broadcast network, as well as a strong performance from the company's newspapers in the UK and Australia.

Net profit stood at $536 million as against $422 million in the corresponding quarter last year. Net income was up to $536 million from $422 million a year ago. Sales were up 12 per cent at $5.19 billion from last year's $4.6 billion.

A 12 per cent jump has also been seen in the consolidated operating income at $805 million from $719 million last year.

News Corp will also be relocating its headquarters and main listing to the United States from Australia for which it has just received court clearance.

Among the new initiatives in the pipeline are plans for a financial news channel. Negotiations are currently on with distributors to carry the channel, Murdoch said in a conference call. ``We are planning to do, certainly, a top business news channel some time in the future,'' News Corp's chairman and CEO has been quoted in media reports as saying.

STAR'S STOCK CONTINUES TO RISE

News Corp's broadcast television business rose 30 per cent to $233 million from $179 million on higher ad prices and lower costs for prime-time programs. A significant contribution came in from Asia, with the Star Group reporting higher operating profits. Star's revenues were up 14 per cent on the back of increased ad sales out of India and China as well.

Meanwhile, billionaire cable TV investor John Malone's Liberty Media has said it may buy $1.5 billion of News Corp.'s voting stock in an equity swap deal with Merrill Lynch in April 2005. Liberty said in a statement that it had entered into a transaction involving 84.7 million shares.

Reports say that if the deal goes through, it could double Liberty's current 9.15 per cent voting stake in the company, potentially paving the way for a challenge to the Murdoch family's hold on News Corp.

Murdoch, however, appeared unperturbed. ``I think it's an endorsement of the company,'' he said. ``I say that quite sincerely. I'm not losing any sleep over it.''

News Corp. is the world's fifth largest media group and owns the Fox network, 20th Century Fox film studios and a host of newspaper and satellite assets including BSkyB and DirecTV.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/sony-bbc_1.jpg?itok=mQuiQxIO
Experience space with BBC's new VR experience

The BBC is giving you a chance fly. Home - A VR Spacewalk is an interactive virtual reality (VR) experience launched today for the HTC Vive and the Oculus Rift, and is available to download for free via the Steam Store and the Oculus Store.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/bbc_0.jpg?itok=jTEnctw5
Sony BBC Earth presents the Best of 2017

Sony BBC Earth revisits some of its most popular episodes of the best shows in a special programming line-up titled Best of 2017 starting 18 December 2017, every night at 7 pm and 11 pm.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/shemaroo.jpg?itok=JLK5kQw2
Increased revenue from traditional media boosts Shemaroo numbers

Integrated media content house Shemaroo Entertainment Limited (Shemaroo) reported 18.3 percent higher year-on-year (y-o-y) consolidated total revenue for the quarter ended 30 September 2017 (Q2 FY 2017-18, the quarter under review) stood at Rs 1,345.7 million as compared with Rs 1,138.6 million in...

Television Production House Film Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/mur.jpg?itok=Hql64_2L
21st CF spins-off into new live news & sports co Fox

MUMBAI: After the blockbuster acquisition of 21st Century Fox by The Walt Disney Company, the former has announced that it will spinoff into a new brand Fox’ that will seek to replicate its own success in the newly focussed verticals of live news and sports brands. Using fiscal 2017 as a base, the...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/uday_0.jpg?itok=t8VAurqw
With Star India, Disney emerges as India's largest M&E firm

MUMBAI: Unlike the US, where the merger of The Walt Disney Co and 21st Century Fox’s entertainment assets is between two near equals, the scenario in India is totally different. 21st Century Fox’s India venture Star India is a $1.7 billion dollar media and entertainment behemoth while Disney India...

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/bob.jpg?itok=zPgBgsME
Disney to buy 21st Century Fox assets for $52.4 billion

The Walt Disney Co has set up a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch’s empire.

Television TV Channels Movie Channels
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/mania.jpg?itok=Jb64uy53
MOVIES NOW brings #StopDreamingAndStartWinning with 100 Mania Season 5 for its viewers

Movies Now, India’s english movie channel, rings in the festive season with its property ‘100 Mania’, beginning Friday, 15 December at 9pm. In its 5th season, the channel has curated a line-up of some of the biggest Hollywood blockbusters like Furious 7, Jurassic World, Disney’s The Jungle Book,...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/spn.jpg?itok=yceBilrp
SPN India to telecast Real Madrid vs Barcelona at 4:30 pm

Less than two weeks to Christmas and Sony Pictures Sports Network (SPSN) launches its “Christmas Comes Early” campaign as a build-up to the biggest football clash of the year, El Clasico.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/Jayantilal_Gada.jpg?itok=-ygDcfK4
PEN to launch Hindi music channel Dream TV

MUMBAI: Despite the glut of pure-play Hindi music channels on television today, Popular Entertainment Network (PEN) is adding one more to the fray. The new channel, called Dream TV, will provide 24-hour programming.

Television TV Channels Music and Youth

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories