Global media giant News Corporation's net profit more than tripled in the first quarter of the 2012/13 financial year.
News Corp said net income, or net profit, for the three months to September 30, was $US2.23 billion ($A2.16 billion), up from $US738 million ($A715.50 million) in the prior corresponding period.
The profit was boosted by the sale of News Corp's stake in software company NDS in July, which produced a $US1.4 billion gain.
News Corp chairman and chief executive Rupert Murdoch said the company managed to grow revenue and adjusted segment operating profit - or earnings before interest and tax (EBIT) - despite a stronger US dollar.
"Our operational discipline and focus on innovation continued to drive the company's momentum in our fiscal first quarter, led by double-digit growth in our channels business and the global success of our film and television content," Mr Murdoch said in a statement.
News Corp's operating income, or earnings before interest and tax (EBIT) was $US1.38 billion ($A1.34 billion) in the three months to September, down from $US1.39 billion ($A1.35 billion) in the previous corresponding period.
The company's publishing arm, which includes News Ltd mastheads such as Melbourne's Herald Sun and The Australian, posted a significant fall in earnings as advertising revenues continued to fall.
Publishing EBIT was $US57 million ($A55.26 million) in the three months to September, down 48 per cent from $US110 million ($A106.65 million) in the same period in the previous year.The fall was "due to lower advertising revenues across all divisions, led by declines at the Australian and US publishing businesses", News Corp said.
The company also incurred $US67 million ($A64.96 million) in costs related to the phone hacking scandal in the UK.
Another $US5 million ($A4.85 million) in costs were booked for News Corp's proposed separation of its publishing and entertainment business.
News Corp's cable network programming division posted the strongest growth in earnings, generating $US953 million ($A923.94 million) in EBIT, up 23 per cent from the prior corresponding period.
Its film and television divisions and also posted earnings growth.News Corp's total revenue in the three months to September of $US8.14 billion ($A7.89 billion) was up two per cent from $US7.96 billion in the previous corresponding period.
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