6 November 2012 1:12 PM, PST | Deadline TV | See recent Deadline TV news »

There’s a lot to absorb in the latest News Corp earnings release. It includes a $67M charge for costs tied to the hacking-scandal investigations and a $152M impairment charge with the newspapers and digital games businesses. But there’s also a $1.38B gain from the sale of software security firm Nds and $75M from BSkyB’s share-repurchase plan. All together, the company reports net income of nearly $2.3B, up from $786M in the quarter last year, on revenues of $8.14B, +2.2%. Revenues are shy of the $8.16B that analysts expected. Earnings per share, stripped of one-time events, came to 43 cents, beating expectations of 38 cents. Related: Chase Carey: Fall TV Ratings Are “Below Our Expectations” Once again, the cable networks were the stars of the show with revenues of $2.45B (+15.5%) and operating income of $953M (+23%). Domestic ad sales improved 8%, with particular strength at Fox News and the regional sports networks. Domestic »

- DAVID LIEBERMAN, Executive Editor

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