Fox News Good News for News Corp.


News Corp. said net profit for its fiscal second quarter ended Dec. 31 rose on the strength of its cable networks and newspapers.

The company reported net profit of $361 million, or 27 cents per share, versus $239 million (18 cents) in the year-earlier period.

News Corp.’s second-quarter revenue jumped 19% to $5.59 billion.

The company said its cable-programming unit posted second-quarter operating income of $187 million, up 55%, partly due to the recovery of $15 million from Adelphia Communications Corp. that had been previously written off.