News Corp. said Wednesday that it posted strong second-quarter earnings driven by television station advertising sales and the mammoth success of the video release of the animated film "Ice Age."
Rupert Murdoch's Australian-based conglomerate reported net income of $239 million, or 16 cents an American depositary receipt, for the fiscal quarter ended Dec. 31. A year earlier, a loss of $606 million, or 45 cents, reflected a $909-million write-down for contracts to air professional sports.
The latest results were in line with analysts' estimates.
"Obviously, this was a very successful quarter for us," said Peter Chernin, president and chief operating officer.
Chernin declined to discuss the company's effort to sell the Los Angeles Dodgers, long considered a strategic step in News Corp.'s bid to acquire DirecTV, the nation's largest satellite television provider. Chernin said, however, that the company was not about to get pulled into a bidding war with other DirecTV suitors.
"It would be a mistake to see this as a must-have," he said.
Second-quarter revenue climbed 14% to $4.7 billion for the company, which also owns 20th Century Fox film studios, the Fox television network, cable channels, newspapers, satellite systems and HarperCollins publishing house.