News Corp. took in $5.7 billion in revenue during FY1Q06, up 10 percent over FY1Q05, and upped operating income 19 percent to $909 million but reported a net loss of $433 million or 12 cents per share of commone stock after some typically complex accounting changes. Sans change, the company would have reported net income of 18 cents per share compared to 21 cents per share a year ago.
– Fox Interactive Media spent $650 million to Intermix and the 47 percent of MySpace.com that Intermix did not already own. FIM spent anothe $650 million in cash to acquire IGN. Those were the two acquisitions considered material enough to include in “other items.”
Earnings release | Earnings call webcast (4:45 eastern)
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