News Corp. says its net income more than tripled in the latest quarter to 2.69 billion U.S. dollars thanks to a boost from a stock exchange with Liberty Media Corp.
Rupert Murdoch's New York-based media conglomerate said Wednesday it recorded a gain of 1.7 billion dollars from the exchange, which transferred DirecTV Group Inc. to Liberty.
The net earnings of 2.69 billion dollars worked out to 91 cents per share, versus 871 million dollars or 27 cents per share a year ago.
Revenue rose 16 percent to 8.75 billion dollars from 7.53 billion dollars.
Source: Xinhua/Agencies
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