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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Macmillan Children's swoops for Dope Black Dads founder's debut

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[ The Bookseller | 2021-10-13 23:41:32 UTC ]
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Mountains & Plains Booksellers Celebrate In-Person Show, Return to Denver

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[ Publishers Weekly | 2021-10-08 04:00:00 UTC ]
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Hamish Hamilton's Chukwu wins at Black British Business Awards

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[ The Bookseller | 2021-10-07 21:27:46 UTC ]
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10 years of the Stella: how Australia’s women’s writing prize changed a nation’s literature

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[ The Guardian | 2021-10-07 01:56:57 UTC ]
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Panel Mania: The 500 Years of Indigenous Resistance Comic Book by Gord Hill

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[ Publishers Weekly | 2021-10-06 04:00:00 UTC ]
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[ Publishers Weekly | 2021-10-06 04:00:00 UTC ]
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Hachette UK network to host Black History Month panels

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[ The Bookseller | 2021-10-05 21:00:47 UTC ]
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Pop-Up Magazine Will Return to In-Person Events in November

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[ AdWeek | 2021-10-05 18:51:39 UTC ]
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Yieldmo, Quotient and InMobi join this year’s Digiday Technology Awards nominees

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[ Digiday | 2021-10-05 18:30:00 UTC ]
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Chef and Cookbook Author Bryant Terry Looks to Preserve Black Food Stories

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[ The New York Times | 2021-10-04 18:09:38 UTC ]
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[ AdWeek | 2021-10-01 12:00:00 UTC ]
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John Lewis’s final meditations on activism, spirituality, politics and love

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[ The Washington Post | 2021-10-01 12:00:00 UTC ]
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[ The Bookseller | 2021-10-01 09:29:05 UTC ]
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[ Publishers Weekly | 2021-10-01 04:00:00 UTC ]
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[ The Bookseller | 2021-09-30 21:51:47 UTC ]
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[ The Bookseller | 2021-09-29 19:15:53 UTC ]
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[ The Bookseller | 2021-09-28 22:01:16 UTC ]
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[ The Huffington Post | 2021-09-27 22:25:43 UTC ]
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[ The Huffington Post | 2021-09-27 18:04:34 UTC ]
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Sustainable is the new black: top editors launch new-wave fashion titles

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[ The Guardian | 2021-09-26 05:45:03 UTC ]
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