Multichannel News says News Corp is coming up (fiscal) roses, thanks in no small part to Fox News Channel:
For the quarter, revenue at News Corp. was up 11% to $6.8 billion and operating income rose 8% to $1 billion, driven mainly by gains in its filmed-entertainment and cable-network units. At the cable networks, led by Fox News Channel, operating income rose 42% in the quarter to $194 million on revenue of $934 million (up 12.4%).
And the Fox biz channel's on track to launch in early 2007, says Peter Chernin...
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