News Corporation (NWS) reported a very solid fourth quarter to wrap up a great fiscal 2007. Revenue and EBITDA rose 9% and 19%, respectively, with revenue comfortably beating estimates and operating income in line. The composition of operating income will please investors, however, as Cable Networks and Fox Interactive Media (MySpace) comfortably exceeded expectations offsetting […]
Today’s news that Telecom Italia plans to sell its mobile phone unit and focus on media investments reminds me that despite multiple compression and secular challenges, the media business is still viewed as sexy and seems to have an unblemished ability to draw wealthy investors. According to the Wall Street Journal Chairman Marco Tronchetti Provera […]
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