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Wednesday, August 06, 2008

News Corp 4Q profit jumps 27 percent

Compare and contrast:

Earnings Decline at the Times Company

The New York Times Company reported net income on Wednesday of $21.1 million in the second quarter, down from $118.4 million in the quarter a year ago, when it recorded revenue from the sale of the company’s television stations.

That's an 82% decline in earnings folks.

Now from the folks who bring you Fox News:

News Corp.'s fiscal fourth-quarter earnings jumped 27 percent on profit from asset sales and higher operating earnings in most businesses ...
Higher ratings and ad revenue at Fox News Channel lifted the cable networks unit to a 10 percent increase in profit.



Now tell me: who is more in tune with the public?

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