By the numbers below, broadcast Fox Tv has roughly 3x (NOT 20x) the operating income of Fox News. However, while operating income doubled over the last year for Fox TV, it tripled for Fox News:
From
http://sg.biz.yahoo.com/030813/15/3ddgr.html Revenue at the company, which is controlled by Rupert Murdoch, jumped 20% in the quarter to $4.59 billion from $3.83 billion a year earlier while operating income rose 26% to $570 million.
News Corp.'s (NWS) second-quarter net income totaled 28 cents an American depositary receipt compared with a loss of $1.40 per ADR a year ago.
(A headline at 7:24 a.m. EDT implied that operating net figures were net income figures.)
News Corp.'s television unit, which includes the Fox network and local TV stations, reported operating income of $291 million compared with $179 million a year earlier. The company pointed to increased ratings for "American Idol," "24," "The Simpsons," "That 70s Show" and "Bernie Mac." News Corp.'s Hong Kong-based satellite broadcaster, Star TV, achieved profitability for the full year for the first time since the company has owned the business.
The company's cable network programming unit, which includes the Fox News Channel, cable networks like FX, and the Los Angeles Dodgers, saw operating income rise to $96 million from $34 million a year earlier. The company said viewership at its Fox News network rose 92% in prime time in the fourth quarter and more than doubled on a twenty-four hour basis.
Newspaper operations, which include the British tabloid the Sun and the New York Post, reported operating income of $126 million, an 8% increase. The improvement stemmed largely from an increase in display advertising growth in Australia. During the fourth quarter the company saw the end of a difficult pricing war in the U.K. in which it cut the price of the Sun.
News Corp.'s filmed entertainment division posted operating income of $85 million, an increase of 13%, on the strength of the film "X2: X-Men United."
The company's 80.1%-owned Italian pay-TV business, SKY Italia, reported an operating loss of $68 million for the two months ended June 30. News Corp. acquired the stake on April 30.
News Corp.'s book publishing arm, HarperCollins, saw operating income fall to $4 million from $13 million a year earlier.