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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Religion Book Sales Up 1.2% in October, 7.1% Year-to-Date

Sales of religious print books remain solid through October, offsetting slow digital sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-17 05:00:00 UTC ]
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The best tech support helplines for seniors (according to my 73-year-old mom)

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[ Engadget | 2024-01-15 14:00:13 UTC ]
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‘Take my money’: fans react to news of Keanu Reeves book collaboration

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[ The Guardian | 2024-01-12 17:38:10 UTC ]
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Book Banning Will Not Stop at Schools: Book Censorship News, January 12, 2024

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[ Book Riot | 2024-01-12 11:40:00 UTC ]
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Netflix’s sci-fi adaptation 3 Body Problem finally gets a full-sized trailer

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China Bestsellers: ‘Three-Body’ News and November Sales

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Data Overwhelmingly Supports Libraries and Library Workers: Book Censorship News, January 5, 2024

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[ Book Riot | 2024-01-05 11:40:00 UTC ]
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[ Publishers Weekly | 2024-01-04 05:00:00 UTC ]
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[ The Guardian | 2023-12-29 22:30:17 UTC ]
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[ Publishers Weekly | 2023-12-29 05:00:00 UTC ]
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[ Engadget | 2023-12-23 07:43:48 UTC ]
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[ Electric Literature | 2023-12-18 12:00:00 UTC ]
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[ The New York Times | 2023-12-15 10:00:20 UTC ]
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