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News Corp., Fox Earnings Slide

14 Feb, 2002 By: Hive News

20th Century Fox Home Entertainment parent News Corp. reported $115 million in operating income for its Filmed Entertainment segment in the second quarter ended Dec. 31, down 9.4 percent from the comparable prior-year period.

The company said that DVD and videocassette sales from Planet of the Apes and Dr. Dolittle 2 contributed to what a company spokesperson called a strong quarter.

News Corp. as a whole lost $606 million for the quarter, compared with $23 million in red ink in comparable period. Total operating revenues for the three-month period rose 7 percent to $4.1 billion.

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