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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While consuming news has become one of the more popular activities for tablet users, access to it is still largely conducted through a browser, not specialized apps, says a new study released by the Pew Research Center and The Economist Group Continue reading at Folio Magazine

[ Folio Magazine | 2011-10-25 00:00:00 UTC ]
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Tablet Users Are Heavy News Readers

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[ AdWeek | 2011-10-25 00:00:00 UTC ]
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News outlets look to tablet computer users for revenue

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[ Baltimore Sun | 2011-10-25 00:00:00 UTC ]
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Rowland White to return to Penguin

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[ The Bookseller | 2011-10-21 00:00:00 UTC ]
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Alma Books to expand after profitable year

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[ The Bookseller | 2011-10-19 00:00:00 UTC ]
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Financial Times To Fold Paid Online News Service Tilt

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[ Folio Magazine | 2011-10-13 00:00:00 UTC ]
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Digital sales 'could be 15%' by year's end

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[ The Bookseller | 2011-10-07 00:00:00 UTC ]
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Lizzie Kershaw leaves Hearst after 29 years

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[ Media Week | 2011-09-19 00:00:00 UTC ]
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In E-Books, Publishing Houses Have a Rival in News Sites

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[ The New York Times | 2011-09-19 00:00:00 UTC ]
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Big Houses Stay In the Black

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[ Publishers Weekly | 2011-09-02 00:00:00 UTC ]
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Tracking 20 Years of Bookstore Chains

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[ Publishers Weekly | 2011-08-26 00:00:00 UTC ]
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[ The Bookseller | 2011-08-26 00:00:00 UTC ]
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Hearst Magazines group publishing director returns to IPC Media

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[ Media Week | 2011-08-24 00:00:00 UTC ]
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Private Eye to mark 50 years with anniversary book

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[ The Bookseller | 2011-08-24 00:00:00 UTC ]
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[ Folio Magazine | 2011-08-23 00:00:00 UTC ]
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[ Media Week | 2011-08-23 00:00:00 UTC ]
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[ The Bookseller | 2011-08-19 00:00:00 UTC ]
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Creed C. Black, Newspaper Executive, Dies at 86

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[ The New York Times | 2011-08-18 00:00:00 UTC ]
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Food Network Magazine Raises Rate Base for Sixth Time in Two Years

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[ Folio Magazine | 2011-08-18 00:00:00 UTC ]
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[ The Bookseller | 2011-08-18 00:00:00 UTC ]
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