A sign is pictured in front of the the News Corp building in New York. Rupert Murdoch's media giant posted a stronger-than-expected quarterly profit on Wednesday, aided by its cable networks and movie studio business. A sign is pictured in front of the the News Corp building in New York. Rupert Murdoch's media giant posted a stronger-than-expected quarterly profit on Wednesday, aided by its cable networks and movie studio business.
Los Angeles - Rupert Murdoch's News Corporation - the global media conglomerate under fire for alleged phone hacking and bribery in Britain - posted a 47-percent increase in third-quarter net income thanks to pay TV networks and its movie studio.
Net income rose to $937-million, or 38 cents per share, from $639-million, or 24 cents per share, a year ago.
The company booked $63-million in charges to deal with the ongoing investigation of its British newspaper unit.
Excluding that charge and other unusual items, adjusted earnings came to 37 cents per share, beating the 31 cents expected by analysts polled by FactSet.
Revenue rose two percent to $8.40-billion, also beating the $8.25-billion expected.
Shares rose 63 cents, or 3.3 percent, to $20.01 in extended trading. - Sapa-AP