LOS ANGELES - News Corp., the media conglomerate controlled by Rupert Murdoch, said Wednesday that net income for its latest quarter fell 24% as the brightness of his blockbuster film "Avatar" faded.
Boost of the Super Bowl, broadcast by the Fox company network this year, was not enough to compensate, even if the game of football is classified as programme TV more looked in the history of the United States.
Income net for the exercise of the third quarter, which ended in March, fell to $ 639 million, or 24 cents per share. That compared with earnings of 839 million dollars, or 32 cents per share, a year earlier.
If this is for the cost of $ 80 million to settle an action for its publishing division, News Corp. would have earned 26 cents per share. This figure fell to a penny lower than the average estimate among analysts surveyed by FactSet.
Income fell by 6% 8,26 billion dollars, is also short of 8 h 45 billion expected by analysts.
TV cable company such as Fox News Channel has continued to shine. Domestic ad revenue increased 14 per cent. The company also received more money provider of pay TV as DirecTV for rights to carry the channels on the queues.
In the studio of cinema by News Corp., operating profit fell from the quarter of last year, which had been raised by "Avatar" - a breakthrough in 3D which broke box-office records. Fresh studio this year increased by the support of the promotion of the hit of animation "Rio", which comes after the end of the quarter.
Broadcast revenues nearly quadrupled pink television, assisted by broadcast the Super Bowl in February. But losses continued to grow to the unit that houses MySpace, the popular social network - once that the company now hopes to sell.
The daily, a newspaper only available on the iPad, has recorded a loss of $ 10 million, but Chief Operating Officer Chase Carey said that the company was in its infancy with the tablet computer market in its infancy. News Corp. has also several other newspapers, including the Wall Street Journal, which was higher in the United States traffic.
On a conference call with analysts, Carey expressed caution on its offer to acquire $ 12.4 billion for 61 percent of the British Sky Broadcasting Group PLC that it is not already pending.
News Corp. announced that it was to bid 700 pence per share (approximately $11.56) for the satellite TV company last June. 847 Pence stock closed Tuesday, which could ultimately stimulate that News Corp. has to pay. Regulatory bodies continue to consider the case.
Carey said the rise in the price of the stock is "clearly disturbing" and painted a ?view unrealistically Rose? the future of the BSkyB. "We will pursue other options with our capital if we cannot reach a reasonable agreement," he said.
The New York-based company said it expects that with wages in its quarter ending in June, although it provided no figures. It reaffirmed its guidance for the annual adjusted operating profit; It provides an increase in the percentages of "low double-digit" 4.46 billion a year ago.
Class shares widely traded fell 49 cents, or 2.8 per cent, to $16.85 in commerce extended after the results were published Wednesday. Earlier, the shares closed 18 cents, or 1% to $17,34.
No comments:
Post a Comment