NEW YORK: Rupert Murdoch's News Corp reported yesterday second-quarter results that were slightly ahead of expectations, as gains in its film entertainment and cable network businesses offset mixed results in its TV and newspaper divisions and continuing losses related to its Gemstar investment.
For the three months to Dec 31, 2002, the Australia-based media giant earned US$239mil, compared with a loss of US$606mil at the same time in 2001 when its results were hurt by a US$909mil write-down of its sports contracts.