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Media conglomerate News Corp reported a tripling of its third quarter net profit, as it earned income of $ 2.82 billion on revenues of $ 9.54 billion.
The increased profit was largely due to a windfall from the sale of its stake in New Zealand’s Sky Network Television and increased ownership of Sky Deutschland. Without those two items, the company’s profits would have been essentially flat.
The company’s cable network programming, television, and filmed entertainment divisions all boosted profits. But its satellite television and publishing business both saw profits slide.
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