News Corp Q4 strong, warns of a difficult ';09
August 8, 2008
Operating income for News Corp is expected to rise by a more moderate four to six per cent in fiscal 2009, compared with a mid-teens percentage range for 2008.
Revenue at Fox Interactive Media, which includes the popular MySpace Internet social network, is expected to rise by about 30 per cent in 2009, executives said. Fox Interactive Media revenue rose 57 per cent in fiscal 2008.
“Although we clearly face more challenging macro-economic conditions in fiscal ’09, we’re well positioned to deliver continued, if somewhat less robust growth,” Murdoch
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