News Corp. Profit Up 80 Percent

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Media conglomerate News Corp. said on Wednesday its second-quarter profit rose 80 percent, boosted by DVD sales of the film “Day After Tomorrow” and advertising sales at its cable networks.


The media company controlled by Rupert Murdoch reported net income for the second quarter ended Dec. 31 of $386 million (13 cents per diluted share), versus $215 million (8 cents per share) in the year-earlier quarter. Sales rose 18 percent to $6.6 billion.


The company, which owns Britain’s Times newspaper and the 20th Century Fox film studio, said fiscal year 2005 operating profit is expected to rise by a percentage rate in the high teens to 20 percent.


Shares of News Corp. rose 0.3 percent to settle at $17.67.

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