Excluding the TES gain, Rupert Murdoch's media conglomerate still almost doubled profits year-on-year, from $386m in the last quarter of 2004 to $694m in the last quarter of 2005.
The profits performance beat analysts' expectations but its year-on-year revenue increase of 1.5% did not. It made revenues of $6.7m compared with Wall Street's $6.9m estimate.
The company's newspaper division was troubled by the UK, where it owns The Times and The Sun and where it experienced lower advertising revenues and redundancy costs associated with closing its Wapping presses as it invests in new plants in Enfield, Glasgow and Liverpool.
Operating income for the newspaper division fell 63%, while the movie division also fell by 27% due to a failure to match 2004 blockbusters such as 'I, Robot'.
However, these downturns were offset by growth in the US cable and broadcast TV business.
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