News Corp. released its earnings report for the quarter that ended in March, and the results are a little disappointing. The company reported a decline in its operating income, which was down to about $1 billion, compared to $1.25 billion over the same period last year. The drop-off appears to be at least in part the result of a $125 million charge related to litigation settlementlikely the result of the ongoing phone hacking scandal that continues to plague News Corp.s British newspaper publisher News International. Even without those litigation expenses, the company's operating income was still down five percent from last year. The company saw increases in television and cable programming, though that could not offset decreases in its film business, which had a better-than-average year last year thanks to Avatar. The company also quarterly net income of $639 million, down from $839 million during the same period last year. Continue reading at 'AdWeek'
[ AdWeek | 2011-05-05 00:00:00 UTC ]
Wiley’s sales and operating income have been hit in its second quarter due to a weak higher... Continue reading at The Bookseller
[ The Bookseller | 2012-12-11 00:00:00 UTC ]
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Rupert Murdoch's News Corporation has reported a 43% hit on its publishing arm, which includes its UK national newspapers, reducing the unit's operating income to $218m (£138m) as it was hit by multimillion-pound costs relating to the phone-hacking scandal at the News of the World. Continue reading at Media Week
[ Media Week | 2012-02-09 00:00:00 UTC ]
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Despite posting a 35% sales increase for the fourth quarter and earnings that were better than expected (if still down compared to a year ago), last week was a tough one for Amazon. Analysts and investors were disappointed in the quarterly report, and the stock price for the nation’s largest... Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-02-03 00:00:00 UTC ]
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News Corp. released its earnings report for the quarter that ended in March, and the results are a little disappointing. The company reported a decline in its operating income, which was down to about $1 billion, compared to $1.25 billion over the same period last year. The drop-off appears to... Continue reading at AdWeek
[ AdWeek | 2011-05-05 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Thu, 17/02/2011 - 09:30 Operating income at Simon & Schuster's global business leapt 39.5% in 2010, despite a slight decline in sales. For the 12 months ending 31st December, operating income at S&S was $64.6m (£40.1m). Revenue declined... Continue reading at The Bookseller
[ The Bookseller | 2011-02-17 00:00:00 UTC ]
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