'Avatar' powers News Corp.'s quarterly results

News Corp. reported a a 19% jump in total revenue to nearly $8.8 billion for the third quarter ended March 31, compared with $7.4 billion a year ago, thanks to the strong performance of its film, cable television and newspaper groups.

But the company's net income of $839 million, or 32 cents a share, was down 69% from $2.7 billion, or $1.04 a share, a year ago. The prior year's quarter included a one-time gain of $1.2 billion from the partial sale of its ownership stake in digital security company NDS. Operating income soared to $1.3 billion from $810 million a year ago.

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