LOS ANGELES (AP) - News Corp., the media conglomerate controlled by Rupert Murdoch, says its net income for latest quarter fell by 24 percent as the afterglow of its blockbuster movie "Avatar" faded even though its Fox broadcasting group got a boost from the Super Bowl.
Net income for the fiscal third quarter, which ended in March, fell to $639 million, or 24 cents per share, from $839 million, or 32 cents per share, a year earlier.
Adjusted to exclude the cost of settling a lawsuit at its publishing division, earnings came to 26 cents per share, short of the 27 cents expected by analysts polled by FactSet.
Revenue fell 6 percent to $8.26 billion, also short of the $8.45 billion expected by analysts.