News Corporation (NWSA.US) reported its first fiscal quarter performance ending in September. Net profit rose by 197% year-on-year to 0.119 billion US dollars, diluted earnings per share for the quarter were 21 cents, both adjusted and as per market expectations, which were 16 cents. Quarterly revenue increased by 3% year-on-year to 2.577 billion US dollars, compared to market expectations of 2.57 billion US dollars.

The company has appointed a new Chief Financial Officer, Lavanya Chandrashekar, who previously held senior positions at Procter & Gamble (PG.US) and Mondelez International (MDLZ.US), effective early next year. The current CFO, Susan Panuccio, will serve as a consultant until June next year.

The company also stated that, in response to interest expressed by third parties, they will continue to explore the strategy and financial options for Australian cable television and streaming division Foxtel.