Wednesday, May 08, 2013

News Corp.'s Little Helper

Rupert and his minions had a good year.

... For the quarter ended March 31, News Corp. earned $2.85 billion, or $1.22 a share, compared with $937 million, or 38 cents a share, in the year earlier period.

Revenue for the quarter increased 14% to $9.54 billion, beating Wall Street estimates. ...

Filmed entertainment, the company's second-largest unit, generated 17% higher revenue, rising to $2 billion. The division posted $289 million in operating income, an increase of 6.3%. The company benefited from the home entertainment releases of "Life of Pi," "Taken 2" and "Ice Age: Continental Drift." ...

Fox is beefing up animation. They're doing more prime time half-hours, and they now distribute DreamWorks Animation's output, the first feature of which is climbing past $500 million.

Company knows how to make money.

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