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News Corporation Message Board

  • bluecheese4u bluecheese4u Aug 8, 2012 4:49 PM Flag

    News Corporation EARNINGS RELEASE FOR THE YEAR AND QUARTER ENDED JUNE 30, 2012

    News Corporation EARNINGS RELEASE FOR THE YEAR AND QUARTER ENDED JUNE 30, 2012

    NEWS CORPORATION REPORTS FULL YEAR TOTAL SEGMENT
    OPERATING INCOME OF $5.4 BILLION ON REVENUE OF $33.7 BILLION;
    FULL YEAR ADJUSTED TOTAL SEGMENT OPERATING INCOME
    INCREASED 13% TO $5.6 BILLION
    FOURTH QUARTER TOTAL SEGMENT OPERATING INCOME OF $1.2
    BILLION ON REVENUE OF $8.4 BILLION

    Full Year Highlights
    • Adjusted Total Segment Operating Income(1) increased 13% to $5.6 billion
    • Adjusted Earnings Per Share(2) grew 19% to $1.41 per share
    • Company repurchased 260 million shares of Class A Common Stock for $4.6 billion of the $10
    billion authorized
    • Company continued addressing non-consolidated ownership stakes, purchasing Fox Pan
    American Sports, selling NDS and announcing the intent to purchase the remaining ownership
    stake of ESPN STAR Sports, and Consolidated Media Holdings
    • Company announced intent to pursue separation of media and entertainment and publishing
    businesses

    NEW YORK, NY, August 8, 2012 – News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today
    reported financial results for the three months and full year ending June 30, 2012.
    Commenting on the results, Chairman and Chief Executive Officer Rupert Murdoch said:
    “We are proud of the full year financial growth achieved over the last twelve months, led by our Cable
    Network Programming and Filmed Entertainment segments. Not only did we execute on our operating
    plan and deliver on our financial targets, we returned over $5 billion to shareholders through an
    aggressive buyback program and dividends. In addition, significant progress has been made in
    opportunistically addressing the Company’s non-consolidated assets, as demonstrated by the purchase
    of Fox Pan American Sports, the sale of NDS and the announced intention to purchase the remaining
    ownership stake of ESPN STAR Sports and Consolidated Media Holdings.
    “Our Company has continued to innovate, grow and consistently adapt to the rapidly changing media
    industry landscape. We find ourselves in the middle of great change, driven by shifts in technology,
    consumer behavior, advertiser demands and economic uncertainty and change brings about great
    opportunity. News Corporation is in a strong operational, strategic and financial position, which should
    only be enhanced by the proposed separation of the media and entertainment and publishing
    businesses.”

    (1) Adjusted total segment operating income excludes a $224 million pre-tax charge related to the costs of the ongoing
    investigations initiated upon the closure of The News of the World in fiscal year 2012 and a $125 million pre-tax charge at
    the Company’s integrated marketing services business related to the settlement of litigation in fiscal year 2011.
    (2) The Company reported diluted earnings per share of $0.47 in fiscal year 2012. See page 17 for a reconciliation of
    reported net income and earnings per share to adjusted net income and adjusted earnings per share.
    Page 1

    http://www.newscorp.com/investor/download/NWS_Q4_2012.pdf

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