News Corporation reported operating income of $1.05 billion for the quarter ended September 30, 2007, up 23% from the previous year. Revenues increased 19% to $7.1 billion. Several segments saw double-digit operating income growth including filmed entertainment, up 51% due to box office success, and cable network programming, up 16% due to growth at Fox News Channel. Operating income declined at newspapers due to increased depreciation from new printing operations in the UK.
news corp 1st Qtr - FY07 - September 30, 2006 - US Dollarsfinance9
News Corporation reported operating income of $851 million for the quarter ended September 30, 2006, down 6% from the previous year. Cable network programming operating income grew 26% due to growth at regional sports networks and FX. Television operating income increased 20% from higher advertising revenues at FOX Network and television stations. Filmed entertainment operating income was $239 million, down from record results the prior year.
news corp 1st Qtr - FY09 - September 30, 2008 - US Dollarsfinance9
News Corporation reported operating income of $953 million for the quarter ended September 30, 2008, a 9% decline from the previous year, due to decreases in several segments including filmed entertainment, television, and book publishing. However, cable network programming and Sky Italia saw double-digit percentage profit increases. Chairman Rupert Murdoch stated he was pleased with the performance of cable networks and Sky Italia and was confident the company could manage through difficult economic times due to its diversified assets and strong balance sheet.
news corp 3rd Qtr - FY08 - March 31, 2008 - US Dollars finance9
News Corporation reported operating income of $1.4 billion for the third quarter of fiscal year 2008, a 16% increase over the previous year. Television operating income increased 53% due to lower programming costs and strong ratings and advertising at FOX. Cable network programming operating income grew 17% from gains at channels like Fox News, FX and international channels. Filmed entertainment operating income decreased due to strong results the previous year. Overall, the company saw revenue growth across many of its business segments.
news corp 3rd Qtr - FY05 - March 31, 2005 - US Dollarsfinance9
News Corporation reported third quarter operating income of $889 million, up 9% year-over-year. Revenues increased 17% to $6 billion. Cable network programming and filmed entertainment saw double-digit operating income growth. Television operating income declined due to higher programming costs. BSkyB contributions increased while DIRECTV losses widened.
- News Corporation reported third quarter operating income of $1.0 billion, up 14% from the previous year, due to growth at its television, cable, and magazine segments.
- Net income more than doubled to $820 million, driven by higher operating income and increased equity earnings from affiliates like DIRECTV.
- The company also announced a doubling of its stock repurchase program to $6 billion, having already repurchased $2.5 billion.
- News Corporation reported a 19% increase in operating income for the quarter ended September 30, 2005 to $909 million, driven by double-digit revenue growth of 10% to $5.7 billion.
- Several segments saw double-digit operating income growth including Filmed Entertainment (up 26%), Cable Network Programming (up 19%), and Magazines and Inserts (up 19%). SKY Italia also significantly improved results.
- Chairman Rupert Murdoch commented that the company delivered strong gains across most segments and has invested in new media businesses experiencing explosive growth, positioning News Corporation well for continued strong returns.
news corp 3rd Qtr - FY07 - March 31, 2007 - US Dollars finance9
News Corporation reported record operating income of $1.2 billion for the third quarter of 2007, up 23% from the previous year. Several segments contributed to growth, including filmed entertainment with a record $410 million in operating income, up 82% due to strong box office and home entertainment sales. Cable network programming operating income grew 34% on higher affiliate revenues. Direct broadcast satellite television operating income in Italy grew 32% on subscriber additions. Overall revenues increased 21% to $7.5 billion while net income grew 6% to $871 million.
news corp 2nd Qtr - FY08 - December 31, 2007 - US Dollarsfinance9
News Corporation reported record second quarter operating income of $1.4 billion, a 24% increase over the previous year, driven by growth across most business segments. Net income increased to $832 million. Cable Network Programming operating income rose 23% on gains at Fox News Channel, regional sports networks, and international channels. Television operating income more than doubled due to higher ratings and pricing at Fox Broadcasting. [END SUMMARY]
news corp 1st Qtr - FY07 - September 30, 2006 - US Dollarsfinance9
News Corporation reported operating income of $851 million for the quarter ended September 30, 2006, down 6% from the previous year. Cable network programming operating income grew 26% due to growth at regional sports networks and FX. Television operating income increased 20% from higher advertising revenues at FOX Network and television stations. Filmed entertainment operating income was $239 million, down from record results the prior year.
news corp 1st Qtr - FY09 - September 30, 2008 - US Dollarsfinance9
News Corporation reported operating income of $953 million for the quarter ended September 30, 2008, a 9% decline from the previous year, due to decreases in several segments including filmed entertainment, television, and book publishing. However, cable network programming and Sky Italia saw double-digit percentage profit increases. Chairman Rupert Murdoch stated he was pleased with the performance of cable networks and Sky Italia and was confident the company could manage through difficult economic times due to its diversified assets and strong balance sheet.
news corp 3rd Qtr - FY08 - March 31, 2008 - US Dollars finance9
News Corporation reported operating income of $1.4 billion for the third quarter of fiscal year 2008, a 16% increase over the previous year. Television operating income increased 53% due to lower programming costs and strong ratings and advertising at FOX. Cable network programming operating income grew 17% from gains at channels like Fox News, FX and international channels. Filmed entertainment operating income decreased due to strong results the previous year. Overall, the company saw revenue growth across many of its business segments.
news corp 3rd Qtr - FY05 - March 31, 2005 - US Dollarsfinance9
News Corporation reported third quarter operating income of $889 million, up 9% year-over-year. Revenues increased 17% to $6 billion. Cable network programming and filmed entertainment saw double-digit operating income growth. Television operating income declined due to higher programming costs. BSkyB contributions increased while DIRECTV losses widened.
- News Corporation reported third quarter operating income of $1.0 billion, up 14% from the previous year, due to growth at its television, cable, and magazine segments.
- Net income more than doubled to $820 million, driven by higher operating income and increased equity earnings from affiliates like DIRECTV.
- The company also announced a doubling of its stock repurchase program to $6 billion, having already repurchased $2.5 billion.
- News Corporation reported a 19% increase in operating income for the quarter ended September 30, 2005 to $909 million, driven by double-digit revenue growth of 10% to $5.7 billion.
- Several segments saw double-digit operating income growth including Filmed Entertainment (up 26%), Cable Network Programming (up 19%), and Magazines and Inserts (up 19%). SKY Italia also significantly improved results.
- Chairman Rupert Murdoch commented that the company delivered strong gains across most segments and has invested in new media businesses experiencing explosive growth, positioning News Corporation well for continued strong returns.
news corp 3rd Qtr - FY07 - March 31, 2007 - US Dollars finance9
News Corporation reported record operating income of $1.2 billion for the third quarter of 2007, up 23% from the previous year. Several segments contributed to growth, including filmed entertainment with a record $410 million in operating income, up 82% due to strong box office and home entertainment sales. Cable network programming operating income grew 34% on higher affiliate revenues. Direct broadcast satellite television operating income in Italy grew 32% on subscriber additions. Overall revenues increased 21% to $7.5 billion while net income grew 6% to $871 million.
news corp 2nd Qtr - FY08 - December 31, 2007 - US Dollarsfinance9
News Corporation reported record second quarter operating income of $1.4 billion, a 24% increase over the previous year, driven by growth across most business segments. Net income increased to $832 million. Cable Network Programming operating income rose 23% on gains at Fox News Channel, regional sports networks, and international channels. Television operating income more than doubled due to higher ratings and pricing at Fox Broadcasting. [END SUMMARY]
News Corporation reported record full year operating income of $3.9 billion, up 9% over the previous fiscal year. Operating income increased across most business segments, led by 23% growth at Cable Network Programming and a $212 million improvement at SKY Italia. Fourth quarter operating income grew 8% to $1 billion on 11% higher revenues. Segments like Filmed Entertainment, Television, Cable Network Programming, and Direct Broadcast Satellite Television saw double-digit percentage increases in operating income for the quarter. The company invested in digital properties like MySpace and saw strong growth across its existing businesses.
news corp 2nd Qtr - FY07 - December 31, 2006 - US Dollars finance9
News Corporation reported a 24% increase in operating income for the second quarter ended December 31, 2006 compared to the same period the previous year. Income from continuing operations grew 18% year-over-year. Filmed entertainment delivered a 57% increase in operating income due to strong box office performances. Cable network programming operating income increased by $13 million driven by higher affiliate revenues at Fox News Channel. Newspapers operating income grew by $101 million compared to the prior year which included a large redundancy provision.
news corp 4th Qtr - FY07 - June 30, 2007 - US Dollarsfinance9
News Corporation reported record full year operating income of $4.45 billion, up 15% over the previous fiscal year. Operating income growth was led by record results at the company's Filmed Entertainment, Cable Network Programming, Direct Broadcast Satellite, and Magazines and Inserts segments. For the fourth quarter, operating income grew 18% to $1.2 billion on 9% revenue growth. Segment highlights included a 26% increase in operating income at Cable Network Programming, an 85% rise at Direct Broadcast Satellite Television (SKY Italia), and a 25% gain at Magazines and Inserts.
news corp 4th Qtr - FY08 - June 30, 2008 - US Dollars finance9
News Corporation reported record full year operating income of $5.4 billion, up 21% from the previous fiscal year. All business segments saw increased profits except for Television. Key highlights included record results at Filmed Entertainment, Cable Network Programming, and Direct Broadcast Satellite. Fox News Channel saw a 14% increase in operating income for the quarter and 35% increase for the full year. SKY Italia added over 366,000 subscribers over the past year and saw operating income increase 37% for the quarter and 198% for the full year. HarperCollins had 62 books on the New York Times bestseller list during the quarter.
News Corporation reported operating income of $920 million for the quarter ended December 31, 2005, a 4% decrease from the previous year. Revenues increased to $6.7 billion. Income from continuing operations increased to $694 million. Several segments saw double-digit earnings growth including Cable Network Programming, Television, and Book Publishing, but this was offset by a $99 million redundancy provision in Newspapers and lower results from Filmed Entertainment compared to a record quarter last year.
news corp 2nd Qtr - FY05 - December 31, 2004 - US Dollars finance9
News Corporation reported operating income of $954 million for the quarter ended December 31, 2004, an increase of 24% from the previous year. Revenues increased 18% to $6.6 billion. Net income increased 80% to $386 million. Key contributors to growth were strong home entertainment sales and cable network advertising revenue increases. The Filmed Entertainment and Cable Network Programming segments saw double-digit operating income increases.
news corp 4th Qtr - FY05 - June 30, 2005 - US Dollars finance9
News Corporation reported record financial results for the fiscal year ended June 30, 2005, with revenues increasing 15% to $23.9 billion and operating income growing 22% to $3.6 billion. Operating income increased across all segments, led by double-digit growth at Filmed Entertainment, Cable Network Programming, Magazines and Inserts, and Newspapers. The company also completed several strategic acquisitions and investments over the fiscal year and ended with over $6 billion in cash.
Viacom reported financial results for the second quarter of 2005, with revenues increasing 10% to $5.9 billion led by growth across business segments. Operating income rose 4% to $1.4 billion, paced by increases at Cable Networks and Outdoor. Net earnings from continuing operations increased 6% to $762 million. The company is on track to deliver mid-single digit growth in revenues and operating income, and high-single digit growth in earnings per share for 2005.
Viacom reported strong third quarter 2005 results with revenues up 10% to $5.9 billion and operating income up 5% to $1.4 billion. Advertising revenues grew 9% overall led by gains of 17% at cable networks and 7% at television. Diluted earnings per share increased 12% to $0.47. Nearly all segments saw revenue growth including cable networks up 15%, entertainment up 54%, and radio and outdoor also higher. Operating income increased at cable networks, radio, outdoor, entertainment and parks/publishing. The company remains on track to meet full year guidance of mid-single digit growth in revenues and operating income and high-single digit growth in earnings per share.
The Walt Disney Company reported higher earnings for both the fiscal year and quarter ended September 30, 2000. For the year, earnings per share increased 42% excluding Disney's interest in the Internet Group and 90% including it, while revenues grew 9% and operating income rose 26%. In the fourth quarter, EPS rose 82% excluding the Internet Group and diluted EPS was $0.11 including it, with revenues up 6% and operating income increasing 58%. Media Networks, Parks & Resorts, and Studio Entertainment saw revenue and profit gains for the year and quarter.
- The Walt Disney Company reported higher earnings for the quarter and nine months ended June 30, 2000 compared to the prior year.
- Earnings per share increased 50% to $0.30 for the quarter and 26% to $0.72 for the nine months when excluding Disney's interest in the Internet Group.
- All of Disney's business segments saw revenue and operating income increases for the quarter and nine months, with particular growth in Media Networks, Parks & Resorts, and cable television activities.
The TVN Group reported financial results for the first quarter of 2011. Revenue grew 7% driven by a 27% increase in pay TV revenue from subscriber and ARPU growth. Online revenue also increased 12% on continued advertising budget shifts. However, TV segment revenue was stable as a 3% decline in advertising was offset by 16% growth in content sales, fees and other revenue. EBITDA grew 19% through operating leverage in pay TV and online, but TV segment EBITDA margin was 32% as programming investments were made.
CBS Corporation reported financial results for the first quarter of 2006 with increases in key financial metrics. Revenues increased 4% to $3.6 billion led by growth in the Television and Outdoor segments. Operating income rose 1% to $511 million and earnings per share increased 7% to $0.30. Free cash flow was up 12% to $585 million. The company is on track to meet guidance for low single-digit revenue growth and mid single-digit increases in operating income and earnings per share.
The Walt Disney Company reported financial results for the quarter and nine months ended June 30, 2001. For the quarter, revenues decreased 1% to $6 billion while net income decreased 3% to $479 million. For the nine months, revenues increased 1% to $19.4 billion while net income increased 17% to $1.4 billion. Disney acquired Fox Family Worldwide for $3 billion in cash to strengthen its family programming. The company also announced job cuts of 4,000 positions to reduce costs. Disney's performance was solid overall despite a soft economy, with growth in studio films and cost cuts helping to offset weaker parks attendance.
news corp 2nd Qtr - FY09 - December 31, 2008 - US Dollarsfinance9
News Corporation reported financial results for the second quarter of fiscal year 2009. While revenue was $7.9 billion, adjusted operating income declined 42% to $818 million due to weakness across many business segments. A $8.4 billion non-cash impairment charge related to goodwill and assets resulted in a net loss of $6.4 billion for the quarter. The company is implementing cost cuts in response to the economic downturn.
Company report reliance broadcast network 17th april 2012Four-S
RBN is rapidly building a strong presence in the Indian media and entertainment industry. Within 6 years, RBN's BIG FM radio network has become the largest private radio network by scale and the second largest by revenues. RBN also has a 5 channel broadcasting portfolio and is entering the profitable phases of its radio and television businesses. RBN's international joint ventures and content production capabilities position it for continued high growth across radio, television, and other segments in the coming years.
Viacom reported full year 2003 revenues of $26.6 billion, an 8% increase over 2002 led by advertising revenue growth. However, operating income and net earnings were impacted by a non-cash charge to reduce the goodwill of its majority-owned subsidiary Blockbuster. Viacom plans to divest its ownership in Blockbuster to allow each company to focus on its core businesses. For 2004, Viacom reiterates its outlook for 5-7% revenue growth and 12-14% operating income growth, excluding the Blockbuster charge.
The Walt Disney Company reported higher earnings for the quarter and six months ended March 31, 2000. Revenue increased 14% to $6.2 billion for the quarter and 9% to $13 billion for the six months. Net income grew 31% to $369 million for the quarter and 16% to $884 million for the six months, excluding the retained interest in GO.com. Chairman and CEO Michael Eisner attributed the solid results to the strength of the Media Networks division and continued success of properties like Who Wants to Be a Millionaire, while noting new management changes aimed at accelerating the turnaround of the Studios and Consumer Products units.
Net income and EPS for Disney increased in the first quarter of 2001 compared to the previous year. Net income rose 27% to $594 million and EPS grew 22% to $0.28, excluding accounting changes and the Internet Group. Overall revenues for Disney grew 7% to $7.3 billion for the quarter, with strong results from Parks & Resorts and improvements in home video and theatrical distribution offsetting declines in consumer products. The Walt Disney Company will convert shares of Internet Group stock to Disney stock in March 2001, consolidating financial reporting under one class of common stock.
- The Walt Disney Company reported higher earnings before restructuring and impairment charges for both the quarter and six months ended March 31, 2001 compared to the same period in the previous year.
- Earnings increased 33% for the quarter and 31% for the six months when excluding restructuring and impairment charges.
- Segment operating income increased at Parks & Resorts, Media Networks, Studio Entertainment, and Consumer Products, but decreased at Internet Group.
- Restructuring and impairment charges totaled $1 billion for the quarter and $1.2 billion for the six months, primarily related to the closure of the GO.com portal business.
Carlos Raphael is the subject of the document. However, the document provides very little information, only repeating the name "Carlos Raphael" twice without any other details. Therefore, it is difficult to determine the purpose or key points of the document from the limited information provided.
Presentatie voor het NetPlusWork-ontbijtnetwerk in Leeuwarden over kansen voor ondernemers om zich via internet te presenteren en online contacten te leggen
News Corporation reported record full year operating income of $3.9 billion, up 9% over the previous fiscal year. Operating income increased across most business segments, led by 23% growth at Cable Network Programming and a $212 million improvement at SKY Italia. Fourth quarter operating income grew 8% to $1 billion on 11% higher revenues. Segments like Filmed Entertainment, Television, Cable Network Programming, and Direct Broadcast Satellite Television saw double-digit percentage increases in operating income for the quarter. The company invested in digital properties like MySpace and saw strong growth across its existing businesses.
news corp 2nd Qtr - FY07 - December 31, 2006 - US Dollars finance9
News Corporation reported a 24% increase in operating income for the second quarter ended December 31, 2006 compared to the same period the previous year. Income from continuing operations grew 18% year-over-year. Filmed entertainment delivered a 57% increase in operating income due to strong box office performances. Cable network programming operating income increased by $13 million driven by higher affiliate revenues at Fox News Channel. Newspapers operating income grew by $101 million compared to the prior year which included a large redundancy provision.
news corp 4th Qtr - FY07 - June 30, 2007 - US Dollarsfinance9
News Corporation reported record full year operating income of $4.45 billion, up 15% over the previous fiscal year. Operating income growth was led by record results at the company's Filmed Entertainment, Cable Network Programming, Direct Broadcast Satellite, and Magazines and Inserts segments. For the fourth quarter, operating income grew 18% to $1.2 billion on 9% revenue growth. Segment highlights included a 26% increase in operating income at Cable Network Programming, an 85% rise at Direct Broadcast Satellite Television (SKY Italia), and a 25% gain at Magazines and Inserts.
news corp 4th Qtr - FY08 - June 30, 2008 - US Dollars finance9
News Corporation reported record full year operating income of $5.4 billion, up 21% from the previous fiscal year. All business segments saw increased profits except for Television. Key highlights included record results at Filmed Entertainment, Cable Network Programming, and Direct Broadcast Satellite. Fox News Channel saw a 14% increase in operating income for the quarter and 35% increase for the full year. SKY Italia added over 366,000 subscribers over the past year and saw operating income increase 37% for the quarter and 198% for the full year. HarperCollins had 62 books on the New York Times bestseller list during the quarter.
News Corporation reported operating income of $920 million for the quarter ended December 31, 2005, a 4% decrease from the previous year. Revenues increased to $6.7 billion. Income from continuing operations increased to $694 million. Several segments saw double-digit earnings growth including Cable Network Programming, Television, and Book Publishing, but this was offset by a $99 million redundancy provision in Newspapers and lower results from Filmed Entertainment compared to a record quarter last year.
news corp 2nd Qtr - FY05 - December 31, 2004 - US Dollars finance9
News Corporation reported operating income of $954 million for the quarter ended December 31, 2004, an increase of 24% from the previous year. Revenues increased 18% to $6.6 billion. Net income increased 80% to $386 million. Key contributors to growth were strong home entertainment sales and cable network advertising revenue increases. The Filmed Entertainment and Cable Network Programming segments saw double-digit operating income increases.
news corp 4th Qtr - FY05 - June 30, 2005 - US Dollars finance9
News Corporation reported record financial results for the fiscal year ended June 30, 2005, with revenues increasing 15% to $23.9 billion and operating income growing 22% to $3.6 billion. Operating income increased across all segments, led by double-digit growth at Filmed Entertainment, Cable Network Programming, Magazines and Inserts, and Newspapers. The company also completed several strategic acquisitions and investments over the fiscal year and ended with over $6 billion in cash.
Viacom reported financial results for the second quarter of 2005, with revenues increasing 10% to $5.9 billion led by growth across business segments. Operating income rose 4% to $1.4 billion, paced by increases at Cable Networks and Outdoor. Net earnings from continuing operations increased 6% to $762 million. The company is on track to deliver mid-single digit growth in revenues and operating income, and high-single digit growth in earnings per share for 2005.
Viacom reported strong third quarter 2005 results with revenues up 10% to $5.9 billion and operating income up 5% to $1.4 billion. Advertising revenues grew 9% overall led by gains of 17% at cable networks and 7% at television. Diluted earnings per share increased 12% to $0.47. Nearly all segments saw revenue growth including cable networks up 15%, entertainment up 54%, and radio and outdoor also higher. Operating income increased at cable networks, radio, outdoor, entertainment and parks/publishing. The company remains on track to meet full year guidance of mid-single digit growth in revenues and operating income and high-single digit growth in earnings per share.
The Walt Disney Company reported higher earnings for both the fiscal year and quarter ended September 30, 2000. For the year, earnings per share increased 42% excluding Disney's interest in the Internet Group and 90% including it, while revenues grew 9% and operating income rose 26%. In the fourth quarter, EPS rose 82% excluding the Internet Group and diluted EPS was $0.11 including it, with revenues up 6% and operating income increasing 58%. Media Networks, Parks & Resorts, and Studio Entertainment saw revenue and profit gains for the year and quarter.
- The Walt Disney Company reported higher earnings for the quarter and nine months ended June 30, 2000 compared to the prior year.
- Earnings per share increased 50% to $0.30 for the quarter and 26% to $0.72 for the nine months when excluding Disney's interest in the Internet Group.
- All of Disney's business segments saw revenue and operating income increases for the quarter and nine months, with particular growth in Media Networks, Parks & Resorts, and cable television activities.
The TVN Group reported financial results for the first quarter of 2011. Revenue grew 7% driven by a 27% increase in pay TV revenue from subscriber and ARPU growth. Online revenue also increased 12% on continued advertising budget shifts. However, TV segment revenue was stable as a 3% decline in advertising was offset by 16% growth in content sales, fees and other revenue. EBITDA grew 19% through operating leverage in pay TV and online, but TV segment EBITDA margin was 32% as programming investments were made.
CBS Corporation reported financial results for the first quarter of 2006 with increases in key financial metrics. Revenues increased 4% to $3.6 billion led by growth in the Television and Outdoor segments. Operating income rose 1% to $511 million and earnings per share increased 7% to $0.30. Free cash flow was up 12% to $585 million. The company is on track to meet guidance for low single-digit revenue growth and mid single-digit increases in operating income and earnings per share.
The Walt Disney Company reported financial results for the quarter and nine months ended June 30, 2001. For the quarter, revenues decreased 1% to $6 billion while net income decreased 3% to $479 million. For the nine months, revenues increased 1% to $19.4 billion while net income increased 17% to $1.4 billion. Disney acquired Fox Family Worldwide for $3 billion in cash to strengthen its family programming. The company also announced job cuts of 4,000 positions to reduce costs. Disney's performance was solid overall despite a soft economy, with growth in studio films and cost cuts helping to offset weaker parks attendance.
news corp 2nd Qtr - FY09 - December 31, 2008 - US Dollarsfinance9
News Corporation reported financial results for the second quarter of fiscal year 2009. While revenue was $7.9 billion, adjusted operating income declined 42% to $818 million due to weakness across many business segments. A $8.4 billion non-cash impairment charge related to goodwill and assets resulted in a net loss of $6.4 billion for the quarter. The company is implementing cost cuts in response to the economic downturn.
Company report reliance broadcast network 17th april 2012Four-S
RBN is rapidly building a strong presence in the Indian media and entertainment industry. Within 6 years, RBN's BIG FM radio network has become the largest private radio network by scale and the second largest by revenues. RBN also has a 5 channel broadcasting portfolio and is entering the profitable phases of its radio and television businesses. RBN's international joint ventures and content production capabilities position it for continued high growth across radio, television, and other segments in the coming years.
Viacom reported full year 2003 revenues of $26.6 billion, an 8% increase over 2002 led by advertising revenue growth. However, operating income and net earnings were impacted by a non-cash charge to reduce the goodwill of its majority-owned subsidiary Blockbuster. Viacom plans to divest its ownership in Blockbuster to allow each company to focus on its core businesses. For 2004, Viacom reiterates its outlook for 5-7% revenue growth and 12-14% operating income growth, excluding the Blockbuster charge.
The Walt Disney Company reported higher earnings for the quarter and six months ended March 31, 2000. Revenue increased 14% to $6.2 billion for the quarter and 9% to $13 billion for the six months. Net income grew 31% to $369 million for the quarter and 16% to $884 million for the six months, excluding the retained interest in GO.com. Chairman and CEO Michael Eisner attributed the solid results to the strength of the Media Networks division and continued success of properties like Who Wants to Be a Millionaire, while noting new management changes aimed at accelerating the turnaround of the Studios and Consumer Products units.
Net income and EPS for Disney increased in the first quarter of 2001 compared to the previous year. Net income rose 27% to $594 million and EPS grew 22% to $0.28, excluding accounting changes and the Internet Group. Overall revenues for Disney grew 7% to $7.3 billion for the quarter, with strong results from Parks & Resorts and improvements in home video and theatrical distribution offsetting declines in consumer products. The Walt Disney Company will convert shares of Internet Group stock to Disney stock in March 2001, consolidating financial reporting under one class of common stock.
- The Walt Disney Company reported higher earnings before restructuring and impairment charges for both the quarter and six months ended March 31, 2001 compared to the same period in the previous year.
- Earnings increased 33% for the quarter and 31% for the six months when excluding restructuring and impairment charges.
- Segment operating income increased at Parks & Resorts, Media Networks, Studio Entertainment, and Consumer Products, but decreased at Internet Group.
- Restructuring and impairment charges totaled $1 billion for the quarter and $1.2 billion for the six months, primarily related to the closure of the GO.com portal business.
Carlos Raphael is the subject of the document. However, the document provides very little information, only repeating the name "Carlos Raphael" twice without any other details. Therefore, it is difficult to determine the purpose or key points of the document from the limited information provided.
Presentatie voor het NetPlusWork-ontbijtnetwerk in Leeuwarden over kansen voor ondernemers om zich via internet te presenteren en online contacten te leggen
public serviceenterprise group EEIMeetingfinance20
This document provides an overview of Public Service Enterprise Group's (PSEG) annual finance committee meeting. It includes forward-looking statements about PSEG's future performance that are subject to risks and uncertainties. It also lists factors that could cause actual results to differ from expectations. Additionally, it provides a GAAP disclaimer about PSEG's presentation of operating earnings in addition to net income under GAAP. The overview discusses how PSEG's electric generation, electric and gas distribution, and asset management platforms provide earnings stability and growth opportunities through operational excellence, a supportive regulatory environment, and manageable growth initiatives.
Exelon Corporation and Public Service Enterprise Group provided an overview of their 2005 performance and 2006 outlook at the Morgan Stanley 13th Annual Global Electricity & Energy Conference. Key points included:
- Both companies reported strong standalone performance in 2005 and expect continued growth in 2006 driven by improving power markets and operations.
- The proposed merger between Exelon and PSEG is progressing towards closing in the second or third quarter of 2006 and would create a uniquely positioned generation business with a large, low-cost nuclear fleet.
- Exelon's 2005 earnings growth was driven by improved operations and commodity risk management. It expects further earnings growth in 2006 and 2007 from the end of below-market contracts and recontract
- SunTrust Banks, Inc. is restating its unaudited consolidated financial statements for the quarter ended March 31, 2004 due to errors in its allowance for loan losses calculation during the period.
- Net income for the quarter decreased from the originally reported $361.8 million to the restated amount.
- Total assets at quarter-end were $125.25 billion, total liabilities were $115.16 billion, and total shareholders' equity was $10.09 billion.
1) The document announces the annual meetings of shareholders of Edison International and Southern California Edison Company to be held jointly on May 20, 2004 at 10:00am at the Hyatt Regency Long Beach.
2) Matters to be voted on include the election of directors and a shareholder proposal regarding the shareholder rights agreement for Edison International shareholders.
3) Shareholders are provided instructions on how to vote, including by mail, telephone, internet, or in person at the meeting. Proxies are requested to vote on shareholders' behalf.
public serviceenterprise group 2Q_2008_Webcast_Slides_FINALfinance20
PSEG reported lower earnings for Q2 2008 compared to Q2 2007. Operating earnings were $324 million versus $281 million last year. However, the company recorded a $490 million reserve related to a lease transaction, resulting in a reported net loss of $150 million. Key drivers for the lower operating results included higher O&M costs and depreciation expense partially offset by improved performance at PSEG Power due to contract roll-offs and higher energy prices. PSEG maintained its full-year earnings guidance range of $2.80-$3.05 per share.
The document discusses transportation and land use patterns in the Baton Rouge area from the 1700s to present day, highlighting the shift from a river and rail economy to suburban sprawl driven by highway expansion. It then considers future growth scenarios under the Horizon Plan, including the potential for a Baton Rouge loop and intercity passenger rail. Key challenges addressed are balancing mobility, focused growth, and intensification of existing communities.
coca cola Reconciliation of Q3 and YTD 2005 Non-GAAP Financial Measuresfinance9
The Company reports its financial results according to GAAP, but management also believes that certain non-GAAP measures provide additional useful comparisons between periods. These measures exclude items that impact comparability but do not represent the Company's fundamental operations. The document provides a reconciliation of GAAP to non-GAAP measures for Q3 2005 and Q3 2004, showing the adjustments for items such as asset write-downs and resolution of tax matters. Management views non-GAAP measures as a supplement to GAAP measures to help analyze underlying trends in the business.
Each company should be in control to assure succes. We serve midsized enterprises to install control. With our parttime effort you achieve a permanent control. We navigate you r business to succes.
- Disney reported higher revenues and earnings per share for the third quarter and first nine months of fiscal year 2006 compared to the same periods in 2005. Revenues increased 12% for the quarter and 5% year-to-date, while EPS grew 36% and 24% respectively.
- All of Disney's operating segments experienced growth in revenues and operating income for the quarter, led by Parks and Resorts and Studio Entertainment. Higher guest spending and attendance boosted Parks, while successful film releases increased profits at Studio Entertainment.
- Disney completed its acquisition of Pixar in May 2006, which added to earnings and increased outstanding shares. The company continues to invest in its brands and repurchase stock.
The Walt Disney Company reported financial results for the quarter and nine months ended June 30, 2003. Revenues increased for the quarter to $6.2 billion but segment operating income was flat at $2.3 billion for the nine months. Net income decreased to $885 million for the nine months due to charges taken in the first quarter. Disney expects results to improve over the next 12-18 months due to the success of films like Finding Nemo and Pirates of the Caribbean. However, continued weakness at Euro Disney may impair Disney's $522 million investment if Euro Disney is unable to obtain financing and waivers for debt covenants.
- Disney reported improved financial results for its fiscal year ended September 30, 2003 compared to the previous year. Earnings per share increased 8% for the full year and 122% for the fourth quarter.
- Strong performances from Studio Entertainment and Media Networks drove the overall earnings growth, though Parks and Resorts experienced declines in revenue and profits.
- Cash flow from operations increased significantly over the previous year, allowing Disney to reduce its total and net borrowings.
- Disney reported earnings for the quarter ended December 31, 1999, with revenues increasing 5% to $6.8 billion and operating income increasing 8% to $1.1 billion compared to the same period last year.
- Key drivers of increased revenues and operating income were strong performances from Who Wants to Be a Millionaire at ABC and record attendance at Walt Disney World, along with growth at ESPN and Disney's cable networks.
- Earnings per share increased 9% to $0.25, while net income rose 7% to $515 million, excluding Disney's retained interest in GO.com. Including GO.com, net income increased 1% to $324 million.
The Walt Disney Company reported higher first quarter earnings for fiscal year 2006 compared to the previous year. Earnings per share increased 12% to $0.37 from $0.33 the prior year. Operating income grew at Parks and Resorts, Media Networks, and Consumer Products segments, though Studio Entertainment results declined. During the quarter, the Company repurchased $1.2 billion worth of its own shares.
News Corporation reported a 31% increase in operating income to $719 million for the quarter ended September 30, 2003 compared to $548 million for the same quarter the previous year. Revenue increased 22% to $4.6 billion. Net profit increased $260 million to $422 million. The increases were driven by strong performance in filmed entertainment, cable network programming, newspapers and magazines. The company also added nearly 300,000 subscribers for its new SKY Italia direct broadcast satellite television segment.
The Walt Disney Company reported financial results for the quarter and nine months ended June 30, 2002. Revenues decreased 3% to $5.8 billion for the quarter, and segment operating income decreased 26% to $828 million. For the nine months, revenues decreased 4% to $18.7 billion and operating income decreased 32% to $2.3 billion. Earnings per share were $0.18 for the quarter and $0.52 for the nine months. Results were negatively impacted by softness in the travel industry and weak advertising markets. The Company expects earnings to be lower in the current fourth quarter compared to the prior year.
- The Walt Disney Company reported earnings for the quarter ended December 31, 2001. Revenues decreased 5% to $7 billion and net income was $438 million, flat compared to the prior year adjusted for accounting changes.
- Results were impacted by softness in the economy and events of September 11th, which led to declines in attendance, spending, and hotel occupancy. However, cost cutting initiatives helped offset declines.
- The acquisition of ABC Family was completed in October 2001 and integration efforts were underway to combine television assets. Disney remained focused on achieving efficiencies and creating great content to strengthen brands.
news corp 1st Qtr - FY05 - September 30, 2004 - US Dollars finance9
The document summarizes News Corporation's earnings for the quarter ended September 30, 2004. Key points include:
- Revenue increased 12% to $5.2 billion and operating income increased 12% to $805 million, driven by growth across multiple segments.
- Net profit increased 27% to $536 million, up from $422 million in the prior year.
- Several segments saw double-digit operating income growth, including Cable Network Programming, Television, Newspapers, and Magazines and Inserts.
Disney reported financial results for Q3 2005, with EPS up 41% over Q3 2004 to $0.41 per share. Media Networks saw significant growth, with operating income up 48% due to higher revenues at ESPN and the ABC television network. Parks and Resorts also grew operating income by 6% on higher guest spending and attendance. Studio Entertainment saw a decline in home entertainment sales offset somewhat by better theatrical and television distribution results. Consumer Products revenues and profits fell due to the sale of the Disney Stores business the prior year.
The Walt Disney Company reported financial results for the quarter and six months ended March 31, 2003. Revenues increased in both periods compared to the prior year, while net income and earnings per share decreased due to higher costs and softness in certain businesses. For the quarter, revenues rose 8% to $6.3 billion but net income fell 12% to $229 million. The earnings decline was driven by decreased results at Media Networks and Parks and Resorts due to higher programming and production costs as well as lower attendance. However, Studio Entertainment saw gains from strong home video and television distribution.
The Walt Disney Company reported its earnings for the fiscal year and quarter ended September 30, 2002. For the fiscal year, revenues increased 1% to $25.3 billion but segment operating income decreased 28% to $2.9 billion. Net income increased 48% to $1.3 billion compared to the prior year which included large restructuring charges. On a pro forma basis, which excludes certain one-time items, revenues decreased 1% to $25.4 billion and earnings were $1.1 billion or $0.55 per share. For the quarter, revenues increased 15% to $6.7 billion while operating income decreased 2% to $613 million. Disney anticipated a return to solid earnings per share growth
- The Walt Disney Company reported earnings for the quarter and six months ended March 31, 2002. Revenues decreased 2% for the quarter to $5.9 billion and 4% for the six months to $13 billion.
- Net income was $259 million for the quarter and $697 million for the six months, compared to a net loss in the prior year quarter and six months.
- Chairman and CEO Michael Eisner said Disney continues on track with cost containment efforts and strengthening of core brands, and anticipates continued performance improvement.
- Time Warner reported third quarter 2008 results, with revenues flat at $11.7 billion compared to 2007. Adjusted operating income before depreciation and amortization rose 9% to $3.5 billion.
- CEO Jeff Bewkes said the results show the resilience of their businesses despite economic challenges, and their balance sheet remains strong. They have continued progress on structural objectives like separating Time Warner Cable.
- By segment, Cable revenues grew 8% and adjusted operating income rose 9%. Networks revenues grew 7% and adjusted operating income rose 21%. Publishing revenues declined 7% and adjusted operating income fell 19%.
Similar to news corp 1st Qtr - FY08 - September 30, 2007 - US Dollars (14)
enterprise gp holdings Organizational and Ownership Structure Chart finance9
- Dan L. Duncan, EPCO, Inc, Dan Duncan LLC and other affiliates own 77.44% of the ownership units of Enterprise GP Holdings L.P. as of April 30, 2008.
- The remaining 22.55% of ownership units are held by public investors.
- Enterprise GP Holdings L.P. owns the general partner interests and limited partner interests in Enterprise Products Partners L.P., Energy Transfer Equity L.P., and other related companies.
enterprise gp holdings Standards of Business Conductfinance9
The document outlines the Standards of Business Conduct for Enterprise GP Holdings L.P., EPE Holdings, LLC, and their divisions and subsidiaries. It establishes ethical guidelines for employees and contractors regarding conflicts of interest, use of company resources, gifts, political activities, and other interactions. Representatives must avoid situations that could compromise their objectivity or the company's interests, and report any violations of the Standards. Adherence to the policies is required to maintain employment or contracts.
enterprise gp holdings Audit, Conflicts & Governance Committeefinance9
The document establishes an Audit, Conflicts and Governance Committee for EPE Holdings, LLC to assist with Board oversight of financial reporting, compliance, auditor independence, and related-party transactions. The Committee is responsible for appointing and overseeing the independent auditor, reviewing financial statements and disclosures, overseeing compliance and legal matters, and assessing risk. However, the Committee's role is oversight and it relies on management and the auditor for accurate financial reporting and audits.
enterprise gp holdings Code of Conduct & Related Policiesfinance9
This document outlines a code of conduct for EPCO, Inc. employees. It describes 10 sections: [1] Introduction and purpose, [2] General business principles, [3] Legal and ethical obligations, [4] Company compliance policies, [5] Procedures for obtaining guidance, [6] Reporting compliance violations, [7] Discipline and consequences, [8] Individual responsibility and duty, [9] Waivers of the code, and [10] Employee certification. The code is intended to govern employees' business activities and represent the code of ethics required by the Sarbanes-Oxley Act.
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notesfinance9
HCA announced plans to offer $300 million in senior secured second lien notes due in 2017. Proceeds from the offering will be used to repay existing debt, including amounts owed under HCA's credit facilities. The notes have not been registered with the SEC and cannot be offered in the US without registration or an exemption. The announcement contains forward-looking statements about HCA's plans and expectations that are subject to risks and uncertainties.
The document is the 2000 annual report of HCA - The Healthcare Company. It summarizes that in 2000, HCA achieved strong financial and operating performance including over 6% revenue growth, improved margins, and investments of over $1.5 billion in facilities. The company also repurchased $874 million of its common stock. This performance was driven by a focus on patient, physician, and employee satisfaction as well as initiatives to standardize processes while decentralizing decision-making power. Going forward, HCA aims to further develop shared services and a focus on patient safety to strengthen its position.
- HCA is one of the largest healthcare services companies in the US, operating 184 hospitals across 23 states, England, and Switzerland as of 2001.
- In 2001, HCA invested $1.4 billion in capital expenditures, with plans to invest $1.6 billion in 2002 and $1.8 billion in 2003 primarily to expand capacity, improve access, and upgrade infrastructure like emergency departments.
- Population growth in Sunbelt regions where many HCA hospitals operate is driving increased demand for healthcare services, along with new technologies and an aging population requiring more care.
The document is HCA's 2002 annual report. It summarizes that 2002 was a successful year for HCA financially and in resolving investigations by the federal government. HCA reinvested $1.7 billion in its existing facilities and acquired additional hospitals. It also initiated several long-term programs to develop its workforce, such as scholarships through HCA Cares and military training through Army PaYS, to address the national nursing shortage. The CEO and COO were pleased with progress in 2002, their first full year in their roles, and committed to continued investment in facilities, technology, and employees.
HCA's 2003 annual report discusses developments that positioned the company for future growth. Key points include:
1) HCA invested over $1.8 billion to update its existing facilities with new technology and increase capacity.
2) The acquisition of Health Midwest expanded HCA's presence in the Kansas City market.
3) HCA invested $130 million to improve its revenue management and supply chain operations by consolidating them into regional centers.
4) New patient safety technologies like barcoded medication administration were deployed across HCA hospitals.
The document is HCA's 2004 annual report to shareholders. It discusses HCA's financial highlights for 2004 including revenues of $23.5 billion and net income of $1.246 billion. It also discusses challenges faced in 2004 such as reductions in Medicare payments and hurricanes. The letter to shareholders discusses how HCA deployed $3.05 billion in cash flows to invest in capital projects, increase dividends, and repurchase shares. Challenges discussed for 2005 include rising costs of medical devices and caring for the uninsured population.
- Hurricane Katrina caused catastrophic flooding in New Orleans, including at HCA's Tulane University Hospital.
- On Tuesday morning, the hospital's CEO realized flooding was rising over a foot per hour and they had only a few hours before losing power. They had to evacuate seven ventilator patients immediately.
- Through heroic efforts by the hospital staff and support from HCA and other organizations, the ventilator patients and others were evacuated from the roof via helicopter by early Tuesday morning, despite immense challenges including no boat or helicopter pad. This marked the beginning of a massive evacuation effort to rescue over 1,200 patients, staff, and family members from the hospital.
The document is a series of maps showing the rise in obesity rates among US adults from 1985 to 2006 based on data from the CDC's Behavioral Risk Factor Surveillance System. The maps show obesity, defined as a BMI of 30 or higher, increasing from below 10% in most states in 1985 to over 30% in many states by 2006, indicating a significant nationwide rise in obesity over the past few decades.
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008finance9
HCA Healthcare's management provided forward-looking statements during their presentation that are protected under safe harbor provisions. They cautioned that current plans and financial projections may differ from forward-looking statements due to known and unknown risks and uncertainties. The presentation also included certain non-GAAP financial measures that are reconciled to the most directly comparable GAAP measures.
The document is Tyson Foods' 2007 sustainability report, which provides information on the company's economic, social, and environmental performance. It discusses Tyson's commitment to sustainability in areas such as ethics and governance, employee relations, food safety, animal welfare, and community involvement. The report also outlines Tyson's strategies and goals for optimizing operations, expanding internationally, and developing innovative food solutions.
Tyson Foods is the world's largest processor and marketer of chicken, beef, and pork. In fiscal year 2008, Tyson Foods had sales of $26.9 billion and employed over 107,000 team members. Tyson Foods operates vertically integrated poultry and meat production facilities across the United States and internationally, producing over 40 million chickens, 141,860 cattle, and 393,360 hogs per week on average. The company sells its protein products through various distribution channels, including retail consumer products, food service, and international markets.
Tyson Foods had a challenging year financially in 2008 due to high input costs for chicken raising, but was able to remain profitable due to strong performances in pork and beef. The company continued pursuing its strategy of building a multinational business through acquisitions in Brazil, India, and China that will position it for long-term international growth as the global middle class expands. Tyson is also working to develop innovative new products and markets for non-prime meat products through initiatives in renewable fuels, pet foods, nutraceuticals, and biotechnology.
The document is a notice and proxy statement for the 2008 Annual Meeting of Shareholders of General Dynamics Corporation. It notifies shareholders that the meeting will be held on May 7, 2008 to elect directors, conduct an advisory vote on selecting KPMG LLP as the independent auditor, and consider two shareholder proposals. It provides instructions for shareholders on attending the meeting, voting procedures, revoking proxies, and vote requirements.
This document is General Dynamics' annual report for 2007. It discusses the company's strong financial performance in 2007, with record sales, earnings, cash flow, orders, and backlog. Specifically, net sales increased 13% to $27.24 billion. Earnings from continuing operations grew 21% to $2.08 billion. Cash from continuing operations was $2.95 billion, up 37%. The annual report provides an overview of each of General Dynamics' business segments and their performance in 2007, noting growth across Aerospace, Combat Systems, and Marine Systems.
general dynamics Restated Certificate of Incorporation finance9
This document is a Restated Certificate of Incorporation for General Dynamics Corporation. It was adopted by the Board of Directors on October 6, 2004 and filed with the Secretary of State of Delaware on that same date. The document restates the original Certificate of Incorporation from 1952 and does not further amend or supplement it. It then lists 22 purposes of the corporation related to manufacturing, research, transportation, mining, real estate, purchasing other businesses, intellectual property, issuing financial instruments, and acting as a selling agent.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
Importance of community participation in development projects.pdf
news corp 1st Qtr - FY08 - September 30, 2007 - US Dollars
1. News Corporation
EARNINGS RELEASE FOR THE QUARTER ENDED SEPTEMBER 30, 2007
NEWS CORPORATION REPORTS FIRST QUARTER OPERATING
INCOME OF $1.05 BILLION; GROWTH OF 23% OVER FIRST
QUARTER A YEAR AGO
REVENUES INCREASE 19% TO $7.1 BILLION
QUARTER HIGHLIGHTS
• Filmed Entertainment delivers operating income of $362 million, up 51% on strong
theatrical release slate and success of television home entertainment titles.
• Cable Network Programming operating income up 16% despite launch costs for the
Fox Business Network and the Big Ten Network. Growth led by affiliate and
advertising gains at the Fox News Channel, the Regional Sports Networks and Fox
International Channels.
• SKY Italia generates operating income of $48 million, an improvement of $61 million
versus a year ago, reflecting net subscriber additions of 410,000 over the past 12
months as the subscriber base expands to 4.24 million.
• Television operating income declines as advertising strength at the FOX broadcast
network and STAR is more than offset by lower political advertising at the Television
Stations and a full quarter of losses at MyNetworkTV.
• Increased demand for in-store marketing products increases Magazines and Inserts
operating income slightly, while the strength of prior year titles results in an operating
income decline at Book Publishing.
• Newspapers operating income declines versus a year ago as the new color printing
operations in the U.K., nearing completion, results in increased accelerated
depreciation on the presses being replaced.
NEW YORK, NY, November 7, 2007 – News Corporation (NYSE: NWS, NWSA; ASX:
NWS, NWSLV) today reported first quarter consolidated operating income of $1.05
billion, up 23% as compared to the $851 million reported a year ago, primarily as a result
of double-digit percentage increases at the Filmed Entertainment and Cable Network
Programming segments and a $61 million improvement at the Direct Broadcast Satellite
segment.
First quarter net income of $732 million ($0.23 per share), decreased versus net income
of $843 million ($0.27 per share on a diluted combined basis1) reported in the first
quarter a year ago. The year-on-year decline primarily reflects increased consolidated
operating income more than offset by a decrease in Other income, mainly from the prior
year inclusion of gains on the sale of shares in Sky Brasil and Phoenix.
(1)
See supplemental financial data on page 12 for detail on earnings per share.
2. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
Commenting on the results, Chairman and Chief Executive Officer Rupert Murdoch said:
“The strength of our financial results during the first quarter is yet another
illustration of our ability to deliver sustained growth while concurrently investing in
tomorrow’s profit generators. The 19% revenue growth and 23% operating
income growth in the quarter was achieved despite spending to expand our cable
portfolio both domestically and internationally; despite continued investment in
broadening our internet offerings; and despite additional costs associated with
upgrading the color capacity at our newspaper group. We expect the
development of these assets to drive future growth much as our investments in
the Fox News Channel and SKY Italia have translated into strong profit growth
today. The financial momentum at these businesses, along with the success of
our theatrical slate in the quarter, has given us a great start to fiscal 2008 and we
look forward to building upon the record results we delivered during fiscal 2007.”
Consolidated Operating Income 3 Months Ended
September 30,
2007 2006
US $ Millions
Filmed Entertainment $ 362 $ 239
Television 183 192
Cable Network Programming 289 249
Direct Broadcast Satellite Television 48 (13)
Magazines and Inserts 79 78
Newspapers 93 124
Book Publishing 36 55
Other (43) (73)
Consolidated Operating Income $ 1,047 $ 851
REVIEW OF OPERATING RESULTS
FILMED ENTERTAINMENT
The Filmed Entertainment segment reported first quarter operating income of $362
million as compared to $239 million reported in the same period a year ago. The 51%
growth primarily reflects increased contributions from theatrical releases and the strong
performance of television home entertainment titles.
Higher first quarter film results were largely driven by the theatrical success of The
Simpsons Movie, which has grossed over $524 million in worldwide box office, and Live
Free or Die Hard, which has surpassed $375 million in worldwide box office. The
quarter also included the continued worldwide home entertainment success of Eragon
and Night at the Museum, as well as the pay-TV availability of Little Miss Sunshine.
Page 2
3. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
Twentieth Century Fox Television reported increased contributions versus the first
quarter a year ago, primarily reflecting continued momentum in home entertainment
sales and international television, most notably from Family Guy and Prison Break.
TELEVISION
The Television segment reported first quarter operating income of $183 million, a decline
of $9 million versus the same period a year ago as improved results from the FOX
Broadcasting Company and STAR were offset by lower contributions from the Fox
Television Stations and a full quarter of losses at MyNetworkTV, which was launched in
September 2006.
At the FOX Broadcasting Company, first quarter operating results improved compared to
a year ago as increased pricing drove higher advertising revenues. Additionally, lower
primetime programming and promotional costs, due to the timing of the fall schedule
launch, also contributed to the year-on-year growth.
Fox Television Stations’ (FTS) first quarter operating income declined 9% from the same
period a year ago as advertising strength associated with FOX primetime and the
continued success of local news was more than offset by lower political advertising
revenues and decreased advertising revenues at the MyNetwork affiliated stations.
STAR’s first quarter operating income increased versus the same quarter a year ago as
22% revenue growth was driven by advertising and subscription revenue gains, primarily
in India. The revenue growth was partially offset by increased programming costs from
new program launches, most notably at STAR PLUS in India.
CABLE NETWORK PROGRAMMING
Cable Network Programming reported first quarter operating income of $289 million, an
increase of $40 million over the first quarter a year ago. The 16% growth reflects
increased contributions from Fox News Channel, the Regional Sports Networks and the
Fox International Channels, partially offset by launch costs associated with the Fox
Business Network and the Big Ten Network.
The Fox News Channel (FNC) more than doubled its operating income versus the first
quarter a year ago primarily from increased affiliate revenues on higher rates and
advertising revenue growth from higher volume and pricing. During the quarter,
viewership at FNC was more than 65% higher than its nearest competitor in primetime
and more than 55% greater on a 24-hour basis, reflecting FNC broadcasting thirteen of
the top 15 shows in cable news.
At our other cable channels, operating profit was in-line with the first quarter a year ago
as increased contributions from the Regional Sports Networks (RSNs) and Fox
International Channels were offset by launch costs for the Fox Business Network and
the Big Ten Network, as well as lower contributions from FX. The growth at the RSNs
was driven by affiliate revenue growth from increased rates and additional subscribers,
as well as from advertising revenue growth on higher rates. The revenue growth was
Page 3
4. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
partially offset by higher programming costs from broadcasting additional major league
baseball games and new rights deals. The increased contributions from the Fox
International Channels were driven by continued growth in Latin America and Europe.
Operating income at FX declined slightly during the quarter as increased affiliate and
advertising revenues were more than offset by higher programming costs for movie
product and promotional costs for new series.
DIRECT BROADCAST SATELLITE TELEVISION
SKY Italia reported first quarter operating income of $48 million, an improvement of $61
million versus a loss of $13 million a year ago on local currency revenue growth of 11%.
This improvement primarily reflects subscriber additions, with 410,000 net new
subscribers added over the past 12 months, bringing SKY Italia’s subscriber base to
4.24 million at quarter-end. The revenue growth was partially offset by increased
programming spending associated with the larger subscriber base as well as costs
associated with the launch of new channels.
MAGAZINES AND INSERTS
The Magazines and Inserts segment reported first quarter operating income of $79
million, a slight increase versus the $78 million reported in the quarter a year ago. The
growth was driven by higher revenues due to increased demand for in-store marketing
products, partially offset by lower volume and revenue rates from free standing inserts.
NEWSPAPERS
The Newspapers segment reported first quarter operating income of $93 million, down
$31 million from the $124 million reported in the same period a year ago, as increased
depreciation associated with the development of new color printing operations in the
U.K. more than offset increased contributions from Australia.
The U.K. newspaper group reported a decrease in operating income in local currency
terms as compared with the first quarter a year ago primarily as a result of increased
accelerated depreciation on the printing presses that will be replaced, sooner than
anticipated, by the new color printing operations. During the quarter, circulation
revenues were slightly above prior year while advertising revenues declined slightly.
The Australian newspaper group reported first quarter operating income growth versus
the first quarter of fiscal 2007 in local currency terms on the strength of display and
classified advertising revenues. Display advertising was led by the retail and real estate
sectors while classified advertising experienced gains in the employment sector.
Additionally, circulation revenues increased slightly during the quarter mainly from higher
cover pricing at the major weekend newspapers.
Page 4
5. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
BOOK PUBLISHING
HarperCollins reported first quarter operating income of $36 million, a decrease of $19
million versus the same period a year ago that included strong sales of Lemony
Snicket’s A Series of Unfortunate Events. Current quarter results were highlighted by
strong sales of The Dangerous Book for Boys by Conn and Hal Iggulden, Motor Mouth
by Janet Evanovich, Ana’s Story by Jenna Bush and Deceptively Delicious by Jessica
Seinfeld. During the quarter, HarperCollins had 51 books on The New York Times
bestseller list, including six books that reached the #1 spot.
OTHER
The Other segment reported an operating loss of $43 million, a $30 million improvement
versus the first quarter a year ago, primarily led by improved results at Fox Interactive
Media (FIM), partially offset by startup losses at our Eastern European broadcasting
initiatives. The operating income at FIM was driven by higher search revenues, primarily
from the Google agreement which took effect in January 2007, and advertising revenue
growth as a result of increased traffic, further inventory monetization and international
expansion. The revenue growth was partially offset by increased costs associated with
the larger audience, international expansion and new features.
OTHER ITEMS
In July 2007, the Company entered into a definitive merger agreement with Dow Jones &
Company to acquire all of the outstanding shares of Dow Jones in a transaction valued
at approximately $5.7 billion. Members of the Bancroft family and related trusts owning
approximately 37% of Dow Jones voting stock have agreed to vote their shares in favor
of the transaction. The transaction is subject to approval by the Dow Jones
stockholders, regulatory approvals and other customary closing conditions, and is
expected to be completed in the fourth quarter of calendar 2007. The Company has
agreed, upon closing of the transaction, to appoint a member of the Bancroft family or
another mutually acceptable person to the Company’s Board of Directors.
Page 5
6. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
REVIEW OF EQUITY EARNINGS OF AFFILIATES’ RESULTS
First quarter net earnings of affiliates were $246 million versus $243 million in the same
period a year ago. The improvement was primarily due to higher earnings at Gemstar-
TV Guide International due to a reduced tax provision, partially offset by lower
contributions from BSkyB and The DIRECTV Group. At BSkyB, the decline in equity
earnings was primarily due to higher costs associated with the broadband offering,
increased product upgrade volumes and increased sports rights. The decreased
earnings from The DIRECTV Group reflect higher set-top box depreciation and product
upgrade costs.
The Company’s share of equity earnings of affiliates is as follows:
3 Months Ended
September 30,
2007 2006
% Owned
US $ Millions
(a)
39%
BSkyB $ 64 $ 82
(a)(b)
The DIRECTV Group 40% 104 116
(c)
Other affiliates Various 78 45
Total equity earnings of
$ 246 $ 243
affiliates
(a) Please refer to respective companies’ earnings releases for detailed information.
(b) Due to The DIRECTV Group’s stock repurchase program, the Company’s ownership in The DIRECTV
Group increased to 40% as of September 30, 2007 from 39% as of June 30, 2007 and September 30,
2006.
(c) Primarily comprising Gemstar-TV Guide International, Fox Cable Networks affiliates, Sky Network
Television Limited, and STAR equity affiliates.
Page 6
7. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
Foreign Exchange Rates
Average foreign exchange rates used in the year-to-date profit results are as follows:
3 Months Ended
September 30,
2007 2006
Australian Dollar/U.S. Dollar 0.85 0.76
U.K. Pounds Sterling/U.S. Dollar 2.02 1.87
Euro/U.S. Dollar 1.37 1.27
To receive a copy of this press release through the Internet, access News Corp’s corporate
Web site located at http://www.newscorp.com
Audio from News Corp’s conference call with analysts on the first quarter results can be
heard live on the Internet at 4:45 p.m. Eastern Standard Time today. To listen to the call,
visit http://www.newscorp.com
Cautionary Statement Concerning Forward-Looking Statements
This document contains certain “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are based on management’s views and
assumptions regarding future events and business performance as of the time the statements are made.
Actual results may differ materially from these expectations due to changes in global economic,
business, competitive market and regulatory factors. More detailed information about these and other
factors that could affect future results is contained in our filings with the Securities and Exchange
Commission. The “forward-looking statements” included in this document are made only as of the
date of this document and we do not have any obligation to publicly update any “forward-looking
statements” to reflect subsequent events or circumstances, except as required by law.
CONTACTS:
Reed Nolte, Investor Relations Andrew Butcher, Press Inquiries
212-852-7092 212-852-7070
Page 7
8. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
CONSOLIDATED STATEMENTS OF OPERATIONS 3 Months Ended
September 30,
2007 2006
US $ Millions (except per share amounts)
Revenues $ 7,067 $ 5,914
Expenses:
Operating 4,408 3,754
Selling, general and administrative 1,290 1,102
Depreciation and amortization 322 207
Operating income 1,047 851
Other income (expense):
Equity earnings of affiliates 246 243
Interest expense, net (213) (200)
Interest income 100 75
Other, net - 428
Income before income tax expense and minority interest in
subsidiaries 1,180 1,397
Income tax expense (414) (538)
Minority interest in subsidiaries, net of tax (34) (16)
Net income $ 732 $ 843
Per share amounts:
Basic and diluted $0.23
Class A $0.28
Class B $0.23
Page 8
9. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
CONSOLIDATED BALANCE SHEETS September 30, June 30,
2007 2007
Assets US $ Millions
Current assets:
Cash and cash equivalents $ 8,118 $ 7,654
Receivables, net 6,480 5,842
Inventories, net 2,422 2,039
Other 534 371
Total current assets 17,554 15,906
Non-current assets:
Receivables 499 437
Investments 10,977 11,413
Inventories, net 2,653 2,626
Property, plant and equipment, net 5,839 5,617
Intangible assets, net 11,845 11,703
Goodwill 14,192 13,819
Other non-current assets 933 822
Total non-current assets 46,938 46,437
Total assets $ 64,492 $ 62,343
Liabilities and Stockholders' Equity
Current liabilities:
Borrowings $ 385 $ 355
Accounts payable, accrued expenses and other current liabilities 5,355 4,545
Participations, residuals and royalties payable 1,313 1,185
Program rights payable 986 940
Deferred revenue 780 469
Total current liabilities 8,819 7,494
Non-current liabilities:
Borrowings 12,148 12,147
Other liabilities 4,459 3,319
Deferred income taxes 4,737 5,899
Minority interest in subsidiaries 688 562
Commitments and contingencies
Stockholders' Equity:
Class A common stock, $0.01 par value 21 21
Class B common stock, $0.01 par value 10 10
Additional paid-in capital 27,253 27,333
Retained earnings and accumulated other comprehensive income 6,357 5,558
Total stockholders' equity 33,641 32,922
Total liabilities and stockholders' equity $ 64,492 $ 62,343
Page 9
10. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
CONSOLIDATED STATEMENTS OF CASH FLOWS
3 Months Ended September 30,
2007 2006
US $ Millions
Operating activities:
Net income $ 732 $ 843
Adjustments to reconcile net income to cash provided by
operating activities:
Depreciation and amortization 322 207
Amortization of cable distribution investments 12 23
Equity earnings of affiliates (246) (243)
Cash distributions received from affiliates 19 14
Other, net - (428)
Minority interest in subsidiaries, net of tax 34 16
Change in operating assets and liabilities, net of acquisitions:
Receivables and other assets (719) (55)
Inventories, net (215) (232)
Accounts payable and other liabilities 864 571
Net cash provided by operating activities 803 716
Investing activities:
Property, plant and equipment, net of acquisitions (343) (282)
Acquisitions, net of cash acquired (239) (157)
Investments in equity affiliates (35) (11)
Other investments 3 (17)
Proceeds from sale of investments and other non-current assets 289 288
Net cash used in investing activities (325) (179)
Financing activities:
Borrowings 10 145
Repayment of borrowings - (190)
Issuance of shares 39 68
Repurchase of shares (122) (59)
Dividends paid (2) (3)
Other, net 22 -
Net cash used in financing activities (53) (39)
Net increase in cash and cash equivalents 425 498
Cash and cash equivalents, beginning of period 7,654 5,783
Exchange movement on opening cash balance 39 11
Cash and cash equivalents, end of period $ 8,118 $ 6,292
Page 10
11. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
SEGMENT INFORMATION 3 Months Ended
September 30,
2007 2006
US $ Millions
Revenues
Filmed Entertainment $ 1,582 $ 1,213
Television 1,145 1,103
Cable Network Programming 1,102 889
Direct Broadcast Satellite Television 747 622
Magazines and Inserts 264 275
Newspapers 1,244 1,049
Book Publishing 330 368
Other 653 395
Total Revenues $ 7,067 $ 5,914
Operating Income
Filmed Entertainment $ 362 $ 239
Television 183 192
Cable Network Programming 289 249
Direct Broadcast Satellite Television 48 (13)
Magazines and Inserts 79 78
Newspapers 93 124
Book Publishing 36 55
Other (43) (73)
Total Operating Income $ 1,047 $ 851
Page 11
12. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
NOTE 1 - SUPPLEMENTAL FINANCIAL DATA FOR FISCAL 2007
Earnings per share is presented on a combined basis for fiscal 2007 as the Company
was required to present the two-class method prior to fiscal 2008. In fiscal 2007, under
U.S. GAAP, earnings per share was computed individually for the Class A and Class B
shares. Class A non-voting shares carry rights to a greater dividend than Class B voting
shares through fiscal 2007. As such, net income available to the Company’s common
stockholders is allocated between our two classes of common stock for fiscal 2007. The
allocation between classes was based upon the two-class method. Earnings per share
by class and by total weighted average shares outstanding (Class A and Class B
combined) is as follows:
3 Months Ended
September 30,
2006
Basic earnings per share:
Class A $0.28
Class B $0.23
Total $0.27
Diluted earnings per share:
Class A $0.28
Class B $0.23
Total $0.27
Weighted average shares outstanding (diluted):
Class A 2,191
Class B 987
Total 3,178
Page 12
13. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
NOTE 2 - OPERATING INCOME BEFORE DEPRECIATION AND AMORTIZATION
Operating income before depreciation and amortization, defined as operating income
plus depreciation and amortization and the amortization of cable distribution
investments, eliminates the variable effect across all business segments of non-cash
depreciation and amortization. Since operating income before depreciation and
amortization is a non-GAAP measure it should be considered in addition to, not as a
substitute for, operating income, net income, cash flow and other measures of financial
performance reported in accordance with GAAP. Operating income before depreciation
and amortization does not reflect cash available to fund requirements, and the items
excluded from operating income before depreciation and amortization, such as
depreciation and amortization, are significant components in assessing the Company’s
financial performance. Management believes that operating income before depreciation
and amortization is an appropriate measure for evaluating the operating performance of
the Company’s business segments. Operating income before depreciation and
amortization, which is the information reported to and used by the Company’s chief
decision maker for the purpose of making decisions about the allocation of resources to
segments and assessing their performance, provides management, investors and equity
analysts a measure to analyze operating performance of each business segment and
enterprise value against historical and competitors’ data.
The following table reconciles operating income before depreciation and amortization to
the presentation of operating income.
3 Months Ended
September 30,
2007 2006
US $ Millions
Operating income $ 1,047 $ 851
Depreciation and amortization 322 207
Amortization of cable distribution investments 12 23
Operating income before depreciation and
amortization $ 1,381 $ 1,081
Page 13
14. News Corporation
EARNINGS RELEASE
FOR THE QUARTER ENDED SEPTEMBER 30, 2007
For the Three Months Ended September 30, 2007
(US $ Millions)
Operating income
Depreciation Amortization of (loss) before
Operating and cable distribution depreciation and
amortization
income (loss) amortization investments
$ 362
Filmed Entertainment 21 - 383
183
Television 24 - 207
289
Cable Network Programming 20 12 321
Direct Broadcast Satellite
48
Television 50 - 98
79
Magazines and Inserts 2 - 81
93
Newspapers 139 - 232
36
Book Publishing 2 - 38
(43)
Other 64 - 21
Total 1,047
$ 322 12 1,381
For the Three Months Ended September 30, 2006
(US $ Millions)
Operating income
Depreciation Amortization of (loss) before
depreciation and
Operating and cable distribution
amortization investments amortization
income (loss)
$ $ $ $
239
Filmed Entertainment 20 - 259
192
Television 22 - 214
249
Cable Network Programming 13 23 285
Direct Broadcast Satellite
(13)
Television 48 - 35
78
Magazines and Inserts 2 - 80
124
Newspapers 68 - 192
55
Book Publishing 2 - 57
(73)
Other 32 - (41)
Total 851
$ $ 207 $ 23 $ 1,081
Page 14