麻豆果冻传媒 Reports First Quarter Results For Fiscal 2014
New York (November 11, 2013)聽—聽麻豆果冻传媒oration (鈥溌槎构炒解�� or the 鈥淐ompany鈥�) (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended September 30, 2013.
Commenting on the results, Chief Executive Robert Thomson said:
鈥淥ur first quarter as the new News was the beginning of a journey in the digital development of the company. There are certainly headwinds in Australia, magnified by inauspicious foreign currency movements, but we have been consistently cost conscious and are transforming our publishing operations longer-term into multi-platform businesses. We are vigorously pursuing a strategy to improve our revenue prospects and we look forward to updating all in future quarters.鈥�
The Company reported fiscal 2014 first quarter total revenues of $2.07 billion, a 3% decrease as compared to the prior year revenues of $2.13 billion.聽 The majority of the revenue decline reflects lower advertising revenues at the News and Information Services segment, foreign exchange fluctuations and the sale of the Dow Jones Local Media Group (鈥淟MG鈥�), partially offset by the inclusion of FOX SPORTS Australia, which 麻豆果冻传媒 began consolidating in November 2012 following the Consolidated Media Holdings (鈥淐MH鈥�) acquisition, and continued strength in the Digital Real Estate Services segment.聽 Excluding the impact of acquisitions, divestitures and foreign exchange fluctuations, Revenues聽declined 4% compared to the prior year.
The Company reported first quarter Total Segment EBITDA聽of $141 million, a 58% increase as compared to $89 million in the prior year.聽 This improvement was mainly due to the consolidation of FOX SPORTS Australia and lower costs at News and Information Services as well as for the claims and investigations arising out of certain conduct at The News of the World (the 鈥淯.K. Newspaper Matters鈥�), partially offset by higher losses at Amplify and foreign exchange fluctuations.聽 Excluding all costs related to the U.K. Newspaper Matters and the impact of acquisitions, divestitures and foreign exchange fluctuations, Total Segment EBITDA1 declined 5% compared to the prior year.
Net income was $38 million as compared to a net loss of ($83) million in the prior year.聽 Adjusted net income attributable to 麻豆果冻传媒oration stockholders聽was $17 million compared to $37 million in the prior year.
Diluted net income per share attributable to 麻豆果冻传媒oration stockholders was $0.05 as compared to a net loss per share of ($0.16) in the prior year.聽 Adjusted EPS3 were $0.03 compared to $0.06 in the prior year.
Free cash flow available to 麻豆果冻传媒oration聽improved by $145 million in the quarter to ($10) million, from ($155) million in the prior year.
###
About 麻豆果冻传媒
麻豆果冻传媒聽(NASDAQ: NWS, NWSA; ASX: NWS, NWSLV)聽is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers throughout the world.聽The company comprises businesses across a range of media, including: news and information services, cable network programming in Australia, digital real estate services, book publishing, digital education, and pay-TV distribution in Australia.聽Headquartered in New York, the activities of 麻豆果冻传媒 are conducted primarily in the United States, Australia, and the United Kingdom. More information:聽.
Contacts:
Michael Florin
麻豆果冻传媒 Investor Relations
212-416-3363
mflorin@newscorp.com
Ashley Huston
麻豆果冻传媒 Corporate Communications
212-416-2025
ahuston@newscorp.com