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Article: News Corporation Reports Double Digit Operating Income Growth On The Strength Of Film And Cable Segments.
- Article from:
- Business Wire
- Article date:
- February 7, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--Feb. 7, 2001
QUARTER HIGHLIGHTS
Motion picture hits and strong video and DVD sales fuel operating income growth of $97 million in Filmed Entertainment. FOX Broadcasting Company experiences dramatic ratings turnaround, with viewership among adults 18-49 up more than five percent year over year. Losses from Major League Baseball post-season, however, resulted in overall operating profit below year-ago level. Fox News Channel achieves its first quarter of profitability driving Cable Network Programming operating income up 83 percent over prior year; consistently topping CNN in primetime ratings. ...