News Corp. returns to black in final year before spinoff

News Corp., the publishing company that owns The Wall Street Journal, reported $506 million in net income for the fiscal year ended June 30, the last year before its split from Rupert Murdoch's entertainment operations.The profit, which amounted to 87 cents a share, compared with a loss of $2.08 billion, or $3.58, in the year-earlier period, the New York-based company said Friday in a regulatory filing. Revenue climbed 2.7% to $8.89 billion.News Corp., where Mr. Murdoch serves as chairman, is narrowing its focus to larger publications such as the Journal, the New York Post and the U.K.'s Times. When the company broke off from 21st Century Fox Inc., it started out with $2.6 billion in cash and zero debt.The company also said it will pay a dividend at some point in the future, without specifying the date or the amount."Payment of future dividends to stockholders will fall within the discretion of its board of directors," News Corp. said in the filing. Continue reading at 'Crains New York'

[ Crains New York | 2013-09-21 00:00:00 UTC ]
News tagged with: #york-based company #company broke #net income #rupert murdoch #entertainment operations #york post

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News Corp, HarperCollins Complete Purchase of Harlequin

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[ Publishers Weekly | 2014-08-01 00:00:00 UTC ]
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News Corp and media union warn over crackdown on spy reporting

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[ The Guardian | 2014-07-17 00:00:00 UTC ]
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Creator of Scott Pilgrim Finally Returns With New Graphic Novel Seconds

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[ Wired | 2014-07-15 00:00:00 UTC ]
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News Corp and Mail Online plagiarism spat goes to Cannes Lions festival | Media Monkey

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[ The Guardian | 2014-06-17 00:00:00 UTC ]
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News Corp buys Harlequin

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[ The Bookseller | 2014-05-02 00:00:00 UTC ]
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News Corp. profit tops estimates but ad sales dip

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[ Crains New York | 2014-02-07 00:00:00 UTC ]
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News Corp reports 4% revenue drop

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[ The Guardian | 2014-02-07 00:00:00 UTC ]
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Redmayne extols News Corp collaboration

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News Corp buys Storyful for £15m

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[ The Guardian | 2013-12-20 00:00:00 UTC ]
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News Corp. Seeks Buyer for Brooklyn-Based Newspaper Group

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[ Editor & Publisher | 2013-12-11 00:00:00 UTC ]
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News Corp Reports 3 Percent Drop in Revenue in First Quarter

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[ Editor & Publisher | 2013-11-12 00:00:00 UTC ]
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News Corp. revenue falls as ads decline

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[ Crains New York | 2013-11-12 00:00:00 UTC ]
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News Corp. Revenue Falls in Inaugural Quarter as Ads Suffer

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[ Advertising Age | 2013-11-12 00:00:00 UTC ]
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News Corp., Wall Street Journal owner, reports 3% lower revenue

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[ Los Angeles Times | 2013-11-12 00:00:00 UTC ]
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News Corp. takes new tack on digital advertising

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