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One-time gains boost News Corp profit to $2.85 bn

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(Globalpost/GlobalPost)

News Corp said Wednesday profit in the past quarter tripled to $2.85 billion, boosted by a one-time gain from its German satellite TV operations, and improvements in cable TV and film operations.

The quarterly results from the conglomerate led by Rupert Murdoch were largely in line with expectations, with an operating profit of 36 cents a share, excluding special items.

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http://www.globalpost.com/dispatch/news/afp/130510/one-time-gains-boost-news-corp-profit-285-bn