NEWS CORP (NYSE: NWS, NWS-A) has just posted earnings of $832 million or $0.27 EPS. Its consolidated operating income for the second quarter was $1.4 billion was up 24% versus the $1.1 billion reported a year ago.
Below is the consolidated Operating Income from each unit, with comparisons from Dec-2007 to Dec-2006 and a POS. or NEG. note (positive or negative) ahead. Seven of the Eight units showed positive growth in operating income:
NEG. Filmed Entertainment $403M vs. $470M
POS. Television $245M vs $112M
POS. Cable Network Programming $337 vs $275M
POS. Direct Broadcast Satellite Television $62M vs. -$12M
POS. Magazines and Inserts $85M vs. $74M
POS. Newspapers and Information Services $196M vs. $170
POS. Book Publishing $67M vs. $54
POS. Other $23M vs. $1M
Frankly, we are not really concentrating on any EPS numbers because the integration from the monumental Dow Jones acquisition. Same goes for guidance. But what is obvious as can be is that the Rupert Murdoch model is working. We can’t show you too many newspaper and magazine operators that are showing this strong of operating income for these segments.
These media conglomerate earnings take quite a bit of time to digest the fall-out for the entire sector because of so man moving parts. The NWS-A more active shares closed down 0.3% at $19.35 in regulartrading and are essentially unchanged in after-hours trading. The52-week trading range for NWS-A shares is $17.19 to $25.40.
Stay tuned for Disney earnings tomorrow and Time Warner earnings on Wednesday.
Jon C. Ogg
February 4, 2008
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
