News Corp. Posts Strong Earnings in a Politically Tumultuous Quarter

Strong results at film and television helped propel News Corp. to impressive revenue in itsfiscal first quarter of 2012 despite distractions from scandals that the company has had to deal with.our editor recommendsOccupy Wall Street Protesters to Target News Corp. Shareholder Meeting PHOTOS: 9 Highest Paid Entertainment CEOs News Corp. said Wednesday that revenue rose 7 percent to $7.96 billion while analysts expected the company to post revenue that rose 4 percent to $7.4 billion. Net income of $738 million was down from $775 million a year ago and translated to an adjusted 32 cents per share, which also exceeded what analysts had anticipated.News Corp. shares rose 2 percent on Wednesday and another 2 percent after the closing bell. PHOTOS: News of the World's Top 10 Scandals Some of the company's top executives are scheduled take questions from the press and Wall Street analysts during a conference call Wednesday afternoon. While the analysts will most likely use the opportunity to delve into the numbers, guidance and the economy at large, reporters might focus on the News of the World phone-hacking scandal and other accusations of corruption at Rupert Murdoch's company, topics that dominated an Oct. 21 shareholder meeting at the Fox Studios lot in Los Angeles. Executives also might be asked if they have an interest in buying the Dodgers, a Major League Baseball team they owned a decade ago and is available for purchase again. Related Topics Rupert Murdoch News Corp. News of the World