This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6937897.stm
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| News Corp's quarterly profits up | News Corp's quarterly profits up |
| (about 8 hours later) | |
| Rupert Murdoch's News Corporation has said fourth-quarter profit rose 4.5% thanks to higher advertising sales. | Rupert Murdoch's News Corporation has said fourth-quarter profit rose 4.5% thanks to higher advertising sales. |
| Revenue from the Fox News Channel and more new subscribers at the Sky Italia satellite TV service also boosted the figures. | Revenue from the Fox News Channel and more new subscribers at the Sky Italia satellite TV service also boosted the figures. |
| News Corp, which won the battle to buy US media giant Dow Jones this month, said revenue was lower at its 20th Century Fox movie studios. | News Corp, which won the battle to buy US media giant Dow Jones this month, said revenue was lower at its 20th Century Fox movie studios. |
| Fourth-quarter net income rose to $890m (£437m) from $852m a year ago. | Fourth-quarter net income rose to $890m (£437m) from $852m a year ago. |
| Journal plans | |
| New Corp secured a $5.6bn deal to buy Dow Jones - publisher of the Wall Street Journal - for $60 a share at the beginning of August. | New Corp secured a $5.6bn deal to buy Dow Jones - publisher of the Wall Street Journal - for $60 a share at the beginning of August. |
| Mr Murdoch said on Wednesday that News Corp was looking closely at granting free access to The Wall Street Journal's website, but had yet to make a final decision. | Mr Murdoch said on Wednesday that News Corp was looking closely at granting free access to The Wall Street Journal's website, but had yet to make a final decision. |
| "It would be a very expensive thing to do in the short term," he said. | "It would be a very expensive thing to do in the short term," he said. |
| "In the long term, it may be a wonderful thing to do, but we're looking at it very closely." | "In the long term, it may be a wonderful thing to do, but we're looking at it very closely." |
| He also said he sees savings "in excess of $50m" by making various cuts at Dow Jones. | He also said he sees savings "in excess of $50m" by making various cuts at Dow Jones. |