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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[ The Bookseller | 2012-01-03 00:00:00 UTC ]
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Strong Finish to a Tough Year

Three stores in PW’s informal coast-to-coast survey of bookstores—Porter Square Books in Cambridge, Mass.; Beaverdale Books in Des Moines, Iowa; and Skylight Books in Los Angeles—called this their best holiday season ever. Continue reading at Publishers Weekly

[ Publishers Weekly | 2011-12-30 00:00:00 UTC ]
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Moran wins Galaxy Book of the Year

Journalist Caitlin Moran's take on modern feminism How to Be A Woman, published by Ebury, has... Continue reading at The Bookseller

[ The Bookseller | 2011-12-23 00:00:00 UTC ]
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'Confessions' is ebook of the year

The Friday Project's Confessions of a GP has been crowned the top-selling UK ebook of the... Continue reading at The Bookseller

[ The Bookseller | 2011-12-22 00:00:00 UTC ]
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Mullin returning champion in MPs' must-read list

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[ The Bookseller | 2011-12-22 00:00:00 UTC ]
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Foyles reports third year of profitable trading

Foyles has reported a third year of profitable trading, despite "deep concern" about... Continue reading at The Bookseller

[ The Bookseller | 2011-12-21 00:00:00 UTC ]
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Final volume from Patrick Leigh Fermor

John Murray is to publish a posthumous book by travel writer Patrick Leigh Fermor, who died in... Continue reading at The Bookseller

[ The Bookseller | 2011-12-16 00:00:00 UTC ]
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Google eBooks One Year Later

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[ Publishers Weekly | 2011-12-16 00:00:00 UTC ]
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F+W Media Acquires Script Magazine from Final Draft Inc.

F+W Media adds another property to its ever-growing portfolio, acquiring Script Magazine from Final Draft, Inc. For an undisclosed amount, F+W will now have complete ownership of Script content. Continue reading at Folio Magazine

[ Folio Magazine | 2011-12-13 00:00:00 UTC ]
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Google unveils mobile-formatted news magazine Currents

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[ Betanews | 2011-12-09 00:00:00 UTC ]
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Bonnier Corp. Buys Four Hunting Expos from Target Communications

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[ Folio Magazine | 2011-12-07 00:00:00 UTC ]
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Online-only News Brands Garner More “Buzz” than Print-Affiliated Counterparts

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[ Folio Magazine | 2011-12-02 00:00:00 UTC ]
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[ The Bookseller | 2011-11-28 00:00:00 UTC ]
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[ Publishers Weekly | 2011-11-25 00:00:00 UTC ]
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Bloomsbury plans swashbuckling year for Pirates!

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[ The Bookseller | 2011-11-25 00:00:00 UTC ]
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Three Years Later, the Guardian Wants a Buyer for PaidContent

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[ AllThingsD | 2011-11-22 00:00:00 UTC ]
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[ Media Week | 2011-11-09 00:00:00 UTC ]
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[ Publishers Weekly | 2011-11-04 00:00:00 UTC ]
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Rachael Stilwell steps down at Haymarket after 17 years

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[ Media Week | 2011-11-02 00:00:00 UTC ]
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Johnny Vegas book delayed until next year

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[ The Bookseller | 2011-10-27 00:00:00 UTC ]
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