News profit doubles - Net income surges to $1.06b 6 Late City Edition

The media giant yesterday reported net income of $US820 million ($A1.06 billion) in the third quarter, up from $US400 million in the previous corresponding period. In addition to the bottom line numbers, the company announced an extension of its $US3 billion share buyback to a $US6 billion scheme sp...

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Bibliographic Details
Published inThe Courier-mail
Main Author Mathew Charles and Rhys Haynes
Format Newspaper Article
LanguageEnglish
Published Brisbane, Qld Nationwide News Pty Ltd 12.05.2006
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Summary:The media giant yesterday reported net income of $US820 million ($A1.06 billion) in the third quarter, up from $US400 million in the previous corresponding period. In addition to the bottom line numbers, the company announced an extension of its $US3 billion share buyback to a $US6 billion scheme spread over two years. A ratings bonanza for TV pop show American Idol and a boost in advertising revenue in the television and cable segments underpinned the third-quarter result. The only blackspots were newspapers -- dragged down by the British division -- and film.
ISSN:1322-5235