Better-Than-Expected Profit Is Reported by News Corp.

By Laura Reid

Fox News Corporation has reportedly had a profit this recent quarter, mainly from their television networks and movie studio.

Fox News mogul Rupert Murdoch has said that the cable channels that he owns have grown in profit because cable channels are now taking over most of the ratings as compared to local networks. While the News Corporation was down in revenue a couple million dollars, the net income was up 11 percent from a year ago.

Most of this money I think is coming from the recent events dealing with the White House. No other major network has been able to boast such profits, and that's because they are not butting heads with the Obama Administration. Murdoch's newspapers, The Wall Street Journal and The Dow Jones, are not doing well. It's all about the entertainment for viewers which is why I think Fox was able to succeed this past quarter. I would wait until everything has died down between these two groups before they continue to boast good profits.

(photo credit: mroach)