Total Segment Operating Income Grew 45% to $1.35 Billion on 11% Revenue Growth
Cable Network Programming reported fourth quarter segment operating income of $631 million, a 12%, or $68 million increase over the fourth quarter a year ago. The growth was driven by a 15% increase in revenue, which was partially offset by higher programming expenses and the write down of other assets. The programming expense increase was driven by the closure of two underperforming channels in Europe and the cancellation of certain general entertainment programming. Full year segment operating income increased 22% or $492 million over the prior year on revenue growth of 14%.SKY Italia generated fourth quarter segment operating income of $145 million, compared to $97 million of operating income reported a year ago. The improvement was due to lower programming costs, resulting from the absence of FIFA World Cup costs in the current year, partially offset by higher costs related to the continued rollout of premium services. Fourth quarter local currency revenue was in line with that of the corresponding period of the prior year as increased subscription revenue was offset by lower advertising and activation fee contributions. Full year segment operating income was in line with fiscal 2010 levels. Approximately 57,000 net new subscribers were added during the quarter (230,000 net new subscribers were added during the full year), bringing SKY Italia’s quarter-end subscriber base to 4.97 million, its highest subscriber base ever.The pills she takes to manage the symptoms lead her to spend hours on Facebook, and spend thousands of pounds on clothes, partying and luxury holidays.Both screen types present benefits over the conventional LCD screen making them worth the investment especially if you are a first time HD TV buyer. In such a case there is no reason to pass over buying an LED backlight television for a standard LCD Screen.CAPTION(S):[Table Omitted]TelevisionNEW YORK -- News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today reported fourth quarter total segment operating income(1) of $1.35 billion, a $420 million or 45% increase compared to $932 million reported a year ago. This increase was driven by improved contributions at all segments, led by growth at the Television segment. For the full year, the Company reported adjusted total segment operating income(2) of $4.98 billion compared to $4.46 billion reported a year ago. This 12% increase was driven by significant operating income increases at the Cable Network Programming and Television segments which were partially offset by decreases at the Filmed Entertainment segment, reflecting the prior year contributions from Avatar, and increased losses at Myspace.The 40-year-old, who lives with her partner Ken Robinson, said juggling a hectic family life and a full-time job while suffering from the illness is difficult.Full Year Income from Continuing Operations of $3.15 Billion on Total Segment Operating Income of $4.85 BillionFull year segment operating income decreased 31%, or $422 million, over the prior year. The prior year segment results, representing the highest Filmed Entertainment results in the Company’s history, were driven by the blockbuster worldwide theatrical and home entertainment performances of Avatar and Ice Age: Dawn of the Dinosaurs, which together contributed more than half of last year’s segment operating profit.She said: "The drugs heighten the pleasure-seeking parts of your brain. I always did enjoy shopping, but now I want to go out every weekend and buy new clothes all of the time. But most of the money I spend is on the family.The second type of screen offers a far slimmer profile than standard LCD screens. This feat is achieved through a system that diffuses the light evenly across the screen with great results.Cable Network Programming“It is important to note that there has been no material impact on our other operations. Our broad, diverse group of businesses across the globe is extremely strong today. The drivers of our businesses are intact, our position is strong and our future is promising. Our fundamental goals at News Corp are to produce sustained, meaningful value for shareholders, provide outstanding content and services to customers and consumers – and do it with integrity. These goals are interrelated and all three are critically important. And we will deliver on them.”The reason for LED TV not replacing LCD�s as being the basis for the actual picture is due to the fact that LED�s cannot currently be manufactured at sizes that are small enough. Because of this fact true LED screens are restricted only for large scale use such as in those found at stadiums. The sets currently on the market are all really LCD LED TV offerings."I booked an all-inclusive holiday to Mexico without telling them. I bought a sports car, and I once went into Homebase to look around and, before I knew it, I'd ordered a whole new bedroom suite without telling Ken." "I feel very sorry for Ken sometimes. I'm not the easiest person to live with and the side effects have risked our relationship."Commenting on the results, Chairman and Chief Executive Officer Rupert Murdoch said:Direct Broadcast Satellite TelevisionFilmed Entertainment reported fourth quarter segment operating income of $210 million, compared to $137 million reported in the same period a year ago. The 53%, or $73 million, growth was due to the worldwide theatrical performance of Rio (which has generated over $475 million of worldwide box office receipts to date), the home entertainment performance of Black Swan and The Chronicles of Narnia: Voyage of the Dawn Treader, and timing of revenue availability for worldwide pay and free TV catalog product. Fourth quarter results also benefited from increased operating profit at Twentieth Century Fox Television, which was led by the growth of digital distribution revenue from library content and contributions from the Glee concert tour.
Publishing reported fourth quarter segment operating income of $270 million, a $74 million increase compared to the $196 million reported a year ago, reflecting higher advertising and circulation revenues at The Wall Street Journal and lower costs at the integrated marketing services business. The quarter also benefited from the strengthening Australian dollar and British Pound Sterling. Full year segment operating income was $864 million, compared to $467 million reported a year ago. The current year and prior year results include litigation settlement charges of $125 million and $500 million, respectively. Excluding these charges, full year segment operating income increased $22 million, or 2% from last year.
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