News Corp Reports Rise in Profit

News Corporation reported earnings were up 27 percent for the last quarter and 57 percent for the end of their fiscal year, which ended June 30.
Asset sales and improved performance for the companies television services, Fox News Channel and their Italian satellite television, over compensated the losses from Fox Business Network.
Revenue from News Corporations film division productions of 'Juno' and 'Alvin and the Chipmunks' and also increased income from book publisher HarperCollins and internet networking site Myspace have greatly helped the company this fiscal year.
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