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News Corp. Quarterly Profit Nearly Triples

News Corp.'s (NWS, NWSA, NWS.AU) profit nearly tripled in the quarter ended March 31, boosted by one-time gains and better results from its cable networks segment.Meanwhile the publishing unit, to be spun off as a separate company in coming months, posted sharply lower operating income.The media company posted net income of $2.85 billion, or $1.22 a share, up from $937 million, or 38 cents a share, in the year-earlier period. Revenue grew 14% to $9.54 billion.In the quarter, News Corp. recorded $25 million in costs related to the proposed spinoff of the publishing division and $42 million in costs related to ongoing investigations of phone-hacking in the company's U.K. newspaper unit, down from $63 million for such costs in the year-earlier quarter.The company also had significant one-time gains in the quarter related to international transactions, including the acquisition of an additional stake in Sky Deutschland and the sale of its ownership stake in SKY Network Television in New Ze...

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  1. Sky Deutschland Rights Issue to Yield Proceeds of Up to EUR91 Million

    Sky Deutschland AG (SKYD.XE) said Monday it will offer existing shareholders a rights issue of around 20.4 million shares at 4.46 euro per share ($5.93), the same pr...

  2. News Corp. Boosts Its Stake in Sky Deutschland

    News Corp. (NWS, NWSA) has raised its stake in pay-television company Sky Deutschland AG (SKYD.XE, SKDTY) to 54.5% from 49.9%, it said on Monday, giving a lift to th...

  3. Sky Deutschland Secures Long-Term Financing, News Corp Increases Stake

    German pay-TV operator Sky Deutschland AG (SKYD.XE) said Monday its long-term financing will now include new five-year credit facilities and a private placement of n...

  4. Sky Deutschland Pushing Capital Hike to February

    Sky Deutschland AG (SKYD.XE) is pushing the second step of its planned capital increase from Sept. 30 of this year to Feb. 1, 2013, to hit markets at an opportune mo...

  5. Sky Deutschland 2Q Earnings Beat Expectations, Backs Guidance

    Pay-TV operator Sky Deutschland AG (SKYD.XE) Tuesday backed its outlook for significantly better earnings this year compared to last, as second-quarter results large...

  6. News Corp. Adds Dutch Soccer Rights to Stable

    News Corp. (NWS) on Wednesday acquired a majority stake in the Dutch company that owns the broadcasting rights to the top soccer league in the Netherlands, strengthe...

  7. EARNINGS FORECAST TABLE: Sky Deutschland 2Q 2012

    The following is a summary of analysts' forecasts for Sky Deutschland AG (SKYD.XE) second-quarter results, based on a poll of eight analysts conducted by Dow Jones N...

  8. Sky Deutschland CEO Sees 2Q Operating Profit

    Pay-TV operator Sky Deutschland (SKYD.XE) expects to post an operating profit in the second quarter, Chief Executive Officer Brian Sullivan told Frankfurter Allgemei...

  9. Sky Deutschland Grows Customers, Narrows Losses In First Qtr

    German pay-TV broadcaster Sky Deutschland (SKYD.XE) Tuesday reported solid growth in customers and narrower losses in the first quarter, and the company backed its t...

  10. Sky Deutschland Retains Bundesliga Rights At Auction

    Sky Deutschland AG (SKYD.XE) retained key broadcasting rights Tuesday for top matches of Germany's Bundesliga soccer league, but competition from other parties inclu...

  11. Sky Deutschland To Pay EUR486 Million For German Soccer Rights Per Year

    German pay TV operator Sky Deutschland (SKYD.XE) said Tuesday it will pay an average license fee of EUR486 million per season for the right to broadcast soccer games...

  12. Sky Deutschland To Receive EUR156 Million From Share Issue At EUR2.20

    German pay-TV operator Sky Deutschland AG (SKYD.XE) said late Thursday it will receive gross proceeds of around EUR155.8 million from a capital increase at EUR2.20 p...

  1. News Corp quarterly profit, revenue rise

    Rupert Murdoch's News Corp reported higher earnings and revenue for its fiscal third quarter, aided by the purchase of a controlling stake in German pay TV operator ...

  2. News Corp.'s 3Q Results Exceed Forecasts

    Rupert Murdoch's News Corp. (NASDAQ:NWSA) revealed fiscal third-quarter results on Wednesday that beat expectations as the media conglomerate benefited from solid ca...

  3. EUROPE MARKETS: Europe Stocks Slide After China GDP; Miners Sink

    European stock markets posted sharp losses on Monday, with miners leading the drive south as gold prices tanked and data showed China's economy grew more slowly than...

  4. EUROPE MARKETS: Europe Stocks Slide After China GDP, Miners Sink

    European stock markets posted sharp losses on Monday, with miners leading the drive south after weaker-than-expected Chinese growth figures and slumping metals price...

  5. Sky Deutschland to Appoint James Murdoch to Board

    German pay-TV broadcaster Sky Deutschland AG (SKYD.XE) aims to appoint James Murdoch to its supervisory board, according to an invitation to the company's shareholde...

  6. Sky Deutschland Loss Widens As Costs Rise Faster Than Sales

    Sky Deutschland AG (SKYD.XE) said Thursday after-tax loss widened slightly in the fourth quarter as expenses rose faster than revenue, and confirmed the guidance for...

  7. PRESSESPIEGEL/Unternehmen

    Gut ein Jahr vor dem Ende seiner Amtszeit ist die Nachfolge von Wolfgang Reitzle, dem Vorstandsvorsitzenden beim Gasekonzern Linde, weiter offen. In seiner Not denkt...

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