News Corp has reported a rise in operating income to $1.05bn (£499m) for the three months to the end of September.
Chief executive Rupert Murdoch said that the rise in operating income was due to the strong box-office performance of films such as
The Simpsons Movie.
Net profits were down 13% to $732m, although in the third quarter of 2006 News Corp made $428m in profit from the sale of shares in Sky Brasil and Phoenix.
The group’s newspaper division, including The Times, and the New York Post, reported a first-quarter operating income of $93m, down $31m year on year.
The loss was due to the development of new colour printing presses to be installed in the UK and a slight decline in advertising revenues at UK newspapers.
News Corp also announced that it expects to have full control of Dow Jones by December 14, following a vote by Dow Jones shareholders on News Corp’s $5.2bn offer on December 13.
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