News Corporation today announced full year financial results which showed a disappointing 2.5% increase in pre-abnormal net profits to A$1.295 billion (£602m), which is below the expected A$1.4 billion. A A$1.3 billion buyback of the company’s shares was also announced.
The UK however was one of Mr Murdoch’s better performing regions, where operating income from businesses such as BSkyB and News International rose from $A351m to A$488m. Income was 33% higher at News International where revenue grew 5%.
For a run-down of BSkyB’s recently announced financial results, subscribers should click Profits Up 22% At BSkyB.
News International: 0171 782 6000
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