CBS reported Thursday that its first-quarter earnings rose 6 percent as higher licensing fees from the company’s Showtime network helped it overcome an advertising downturn caused by less sports programming.
William Lewis, a longtime News Corporation insider, had been the Dow Jones division’s acting chief since Les Fenwick resigned in January.
The Super Bowl, new digital streaming TV deals and higher fees for its cable networks resulted in a stronger-than-expected gain in quarterly profit at 21st Century Fox.
Citing restructuring and other charges, AOL said its first-quarter profit dropped to $9.3 million, or 11 cents a share, from $25.9 million a year earlier.
The movie and its hit soundtrack contributed to a 27 percent increase in net income for the company’s second fiscal quarter.
As the media company reported a 4 percent rise in quarterly earnings, it also announced it would buy the British television group Channel 5 Broadcasting.
The growth from movie and cable businesses helped fuel a 9 percent increase in revenue to $7.5 billion, from $6.9 billion during the same period a year ago.
DreamWorks Animation SKG posted a first-quarter loss on Tuesday after taking a large charge on the box-office weakness of “Mr. Peabody & Sherman.”
For a second quarter in a row, the Internet retailer’s stock fell sharply after its earnings report, suggesting that investors may be growing wary.
Despite the sales gains, The New York Times Company said first-quarter profit was down because of costs related to new digital subscription products.
The cable operator’s quarterly report could bolster its fight to acquire Time Warner Cable.
Newspaper industry revenue in the United States fell last year, as increases in circulation revenue were not high enough to make up for shrinking demand for print advertising, an industry trade group said on Friday.
SFX, whose portfolio includes festivals around the world, reported that last year it had $170 million in revenue and a net loss of $119 million.
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Despite slow sales and a shrinking market share for its e-reader, the bookstore chain says it will release a new color tablet this year.
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The concert promoter had $6.5 billion in revenue in 2013, compared with $5.8 billion the year before. It had a net loss of $36 million, improving from its $162 million loss in 2012.
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Advertising revenue was flat, but content licensing grew thanks to the sale of shows such as “Hawaii Five-O” for domestic reruns.
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A loss of roughly $1 billion in income from discontinued operations in the year-earlier period accounted for much of the decline.
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The New York Times Company said its fourth-quarter drop in print and digital ad revenue was smaller than declines earlier in 2013.
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The media company said it benefited by selling video advertising on the web globally, with 23 percent growth in that revenue.
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The animated musical, expected to generate nearly $1 billion in ticket sales, increased quarterly earnings to $1.84 billion, up from $1.38 billion a year ago.
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