The profits rise, up from $215m last time, pushed shares of the Rupert Murdoch-owned company up 6% in pre-market trade.
The second-quarter results to December 31 revealed good performances from its home movie business with success stories such as 'I, Robot' and 'Napoleon Dynamite' boosting operating income of the division by 57%.
Fox Broadcasting suffered a 12% decline in primetime audience ratings, leading to a rise in operating losses of $26m although it looks to have reversed that as the new series of 'American Idol' dominates the ratings, taking Fox top in the weekly ratings among adults aged 18-49.
Its cable networks operating income rose 46% due to higher audiences at Fox News, which it claims is closing the gap on rival 24-hour news service Turner-owned CNN and CNBC.
Italian satellite-TV service Sky Italia saw losses of $105m up from $104m a year earlier and 3.1m subscribers, while BSkyB notched up an impressive 192,000 new subscribers in the UK, beating analysts' forecasts.
NewsCorp also owns newspapers The New York Post, The Australian, The Times, Sunday Times, The Sun and News of the World.
Other holdings include publisher Harper Collins and broadcasting companies BSkyB, Fox News, Fox TV, Fox Sports, Sky Italia, DirecTV, men's channel FX, and Asian satellite network Star TV.
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