Newscorp profits slide overall but TV business is buoyant

Newscorp made a billion dollar profit in its Q3…but while that was an overall 15% slide over the same period last year, their star performer was television, with profits shooting up from $40m to $192m in the period.

Rupert Murdoch says the quadrupled contribution is down to a strong national advertising market, increased retransmission consent revenues, and popular programmes.

So who says TV is dying?

Read more from Rapid TVNews…

About Adrian Scott
Adrian Scott is a MAC associate having had a long career in broadcasting and broadcast technology; he specializes in Market Research and Marketing Communications.

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