News Corp (NWS) Posts Strong Numbers, Interactive Unit Profitable

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News Corp’s (NWS) interactive unit made money last quarter, driven by advertising and search revenue at MySpace.

For the quarter ending June 30, the entire company had net income of $890 million up 24%. Revenue rose to $7.37 billion from last year’s $6.78 billion.

Operating income from films dropped from $200 million last year to $109 million in the most recent quarter. Broadcast operating income dropped slightly to $385 million. Cable programming operating income was up $90 million to $284 million. Newspaper operating income was up slightly to $203 million.

Douglas A. McIntyre