Cable Networks Push News Corp. in Fiscal 3Q

5/09/2007 9:20 AM Eastern

News Corp. reported fiscal-third-quarter net income of $871 million, or $0.27 per share on a diluted combined basis, versus $820 million ($0.26) in the year-ago period.

Consolidated operating income for the third quarter of $1.2 billion was up 23% versus $1 billion in the previous-year quarter.

The media giant said operating income at its cable network was $282 million, up $71 million over last year's results, reflecting strong growth at Fox News Channel, FX and the company’s regional sports networks and Fox International Channels.

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