Driven by the box office smash "Avatar," News Corporation reported record film earnings and strong overall earnings on Tuesday for its fiscal third quarter — the second straight quarter of positive results and yet another sign that the media giant is emerging from the recession.
News Corp.’s operating income was $1.25 billion, a 55 percent increase compared to the $810 million reported a year ago. The company attributed the profit rise to strong earnings growth across nearly every business segment in which it operates, including its 20th Century Fox studio, which carried receipts from “Avatar” into the quarter.
Specifically, News Corp.’s