You will be redirected back to your article in seconds

News Corp. reports good news

NEW YORK — Rupert Murdoch’s News Corp. reported that its fiscal ’93 profit soared 57%, bolstered by strong showings from its TV, newspaper and magazine units, which more than offset the lackluster performance of its Hollywood studio , 20th Century Fox Film Corp. The Australia-based media and entertainment behemoth posted net earnings of $ 605.2 million for the fiscal year ended June 30, up from $ 384.5 million last year. Revenue slid 4% to $ 7.48 billion.

Matsushita net

slides 23% in 1st

NEW YORK Slow demand and a soaring yen hampered first-quarter operating results at MCA/Universal parent Matsushita Electric Industrial Co. For the three months ended June 30, sales and income before taxes each decreased 7%, while net income plunged 23% to $ 63 million from $ 81 million last year.

BMG spins

20% sales gain

HOLLYWOOD Bertelsmann Music Group reported a 20% increase in sales for its fiscal year ending June 30, claiming revenue of $ 3 billion. The music and entertainment division of German media giant Bertelsmann AG said that sales outside the U.S. of $ 2 billion were attributable to the worldwide success of its Arista Records label, the development of joint venture partnerships and the rise of BMG Direct, the company’s domestic U.S. club business.

Trimark soars

NEW YORK Independent producer/distributor Trimark Holdings announced significantly improved operating results for its fourth quarter and fiscal year ended June 30. For the quarter, net earnings were $ 1.4 million, compared with $ 166,000 a year earlier; net revenue soared 70% to $ 19.8 million. For the year, net revenue was $ 60.6 million, compared with $ 54.4 million; net earnings climbed 50% to $ 3.3 million.

More TV

  • RuPaul

    RuPaul Reveals the Queens Competing in 'RuPaul's Drag Race All Stars' Season 3

    NEW YORK — Rupert Murdoch’s News Corp. reported that its fiscal ’93 profit soared 57%, bolstered by strong showings from its TV, newspaper and magazine units, which more than offset the lackluster performance of its Hollywood studio , 20th Century Fox Film Corp. The Australia-based media and entertainment behemoth posted net earnings of $ 605.2 […]

  • Donald Trump

    SAG-AFTRA Supports 'Unencumbered Press' After Trump's License Revocation Threat

    NEW YORK — Rupert Murdoch’s News Corp. reported that its fiscal ’93 profit soared 57%, bolstered by strong showings from its TV, newspaper and magazine units, which more than offset the lackluster performance of its Hollywood studio , 20th Century Fox Film Corp. The Australia-based media and entertainment behemoth posted net earnings of $ 605.2 […]

  • Brent Briscoe Dead: 'Twin Peaks' and

    Brent Briscoe, 'Twin Peaks' and 'Parks and Recreation' Actor, Dies at 56

    NEW YORK — Rupert Murdoch’s News Corp. reported that its fiscal ’93 profit soared 57%, bolstered by strong showings from its TV, newspaper and magazine units, which more than offset the lackluster performance of its Hollywood studio , 20th Century Fox Film Corp. The Australia-based media and entertainment behemoth posted net earnings of $ 605.2 […]

  • 'Magnum P.I.' Reboot in Development at

    'Magnum P.I.' Reboot in Development at CBS From Peter Lenkov With Production Commitment

    NEW YORK — Rupert Murdoch’s News Corp. reported that its fiscal ’93 profit soared 57%, bolstered by strong showings from its TV, newspaper and magazine units, which more than offset the lackluster performance of its Hollywood studio , 20th Century Fox Film Corp. The Australia-based media and entertainment behemoth posted net earnings of $ 605.2 […]

  • YouTube logo

    TV News Roundup: YouTube Greenlights Tinder-Themed Comedy 'Swipe Right'

    NEW YORK — Rupert Murdoch’s News Corp. reported that its fiscal ’93 profit soared 57%, bolstered by strong showings from its TV, newspaper and magazine units, which more than offset the lackluster performance of its Hollywood studio , 20th Century Fox Film Corp. The Australia-based media and entertainment behemoth posted net earnings of $ 605.2 […]

  • THE GIFTED: L-R: Natalie Alyn Lind,

    Delayed Viewing Ratings: 'Gifted' Scores for Fox, 'Good Doctor' Stands Strong on ABC

    NEW YORK — Rupert Murdoch’s News Corp. reported that its fiscal ’93 profit soared 57%, bolstered by strong showings from its TV, newspaper and magazine units, which more than offset the lackluster performance of its Hollywood studio , 20th Century Fox Film Corp. The Australia-based media and entertainment behemoth posted net earnings of $ 605.2 […]

  • The Walking Dead Season 7 Mid

    Microsoft Picks Up Six-Second Ads in AMC's 'Walking Dead'

    NEW YORK — Rupert Murdoch’s News Corp. reported that its fiscal ’93 profit soared 57%, bolstered by strong showings from its TV, newspaper and magazine units, which more than offset the lackluster performance of its Hollywood studio , 20th Century Fox Film Corp. The Australia-based media and entertainment behemoth posted net earnings of $ 605.2 […]

More From Our Brands

Access exclusive content