News Corporation (NWS) (NWSA) Says Television Ad Market Is Headed Up
By Daniel James Hayden IV
February 02, 2010 7:48 PM
February 02, 2010 7:48 PM
Chase Carey, Chief Operating Officer of News Corporation (Nasdaq: NWS) (Nasdaq: NWSA), told analysts during a conference call on Tuesday that the television advertising market is improving.
He said things were improving for all of News Corporation's television businesses, although the economic recovery is still uncertain.
Chairman Rupert Murdoch added that ad revenue at Fox stations should be up by 18 or 19% for the current quarter.
Shares of News Corporation were up for the day and continued upwards during after hours trading.
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