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News Earnings Call, Fourth Quarter 2008
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 9:06 AM ET August 27 2008


The media firm reported 16% growth in revenue to $8.6 billion, driving income up by 27% to $1.13 billion or 43 cents a share from $890 million or 28 cents a share in 2007 coupled by strong performance in filmed entertainment. The escalating price of energy, the contraction of real estate values, and liquidity and competence issues in the finance sector are creating economic shocks that will likely be felt by the vast majority of consumers in the U.S. as well as in Europe and maybe elsewhere.

 

 

 

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