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NEW YORK: Global media giant News Corporation has reported 11 per cent growth in first quarter net income at $571 million, helped by gains in cable network programming businesses and filmed entertainment segment. In the year-ago period, net income attri butable to the company's stockholders stood at $515 million, News Corp said in a statement.

“I am pleased that News Corp has delivered exceptionally strong results this quarter, despite continued macro-economic challenges,'' Chairman and CEO Rupert Murdoch said.

Media firm posted an operating income of $1.04 billion, an increase of nine per cent from year-ago period.

“Operating income growth was led by gains at our worldwide cable network programming businesses and renewed momentum at our Filmed Entertainment segment, reflecting our strong slate of films at the global box office,'' Murdoch said.

During the quarter, the company's cable network programming business clocked an operating income of $495 million, an increase of $145 million over year-ago period. - PTI

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