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Description:
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News Corporation is a diversified international media and entertainment company with operations in eight industry segments, including filmed entertainment, television, cable network programming, direct broadcast satellite television, magazines and inserts, newspapers, book publishing and other. The activities of the Company are conducted principally in the United States, the United Kingdom, Continental Europe, Australia, Asia and the Pacific Basin. The Company's subsidiaries include NDS Group plc (NDS), and certain of the companies in which the Company owns equity interests, either directly or indirectly, including British Sky Broadcasting Group plc (BSkyB), Gemstar-TV Guide International, Inc. (Gemstar-TV Guide) and The DIRECTV Group, Inc. Fox Acquisition Corp. is a direct wholly owned subsidiary of News Corporation. For the nine months ended 31 March 2006, News Corporation's revenues rose 4% to $18.55B. Net income from continuing operations before accounting change rose 48% to $2.09B. Revenues reflect increased sales from cable network programming, newspapers and direct broadcast satellite television segments. Net income also reflects an increase in operating margins and increased equity earnings of affiliates.
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