News Corporation is one of the worlds largest entertainment companies that includes Twentieth Century Fox films, Fox

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News Corporation is one of the world’s largest entertainment companies that includes Twentieth Century Fox films, Fox Broadcasting, Fox News, the FX, and various satellite, cable, and publishing properties. The company provided revenue disclosures by its major product segments in the notes to its financial statements as follows:
For the Year Ended
June 30, 2009
Major Product Segments (in millions)
Filmed Entertainment .............. $ 5,936
Television ................. 4,602
Cable Network Programming ........ 5,580
Direct Broadcast Satellite Television ..... 3,760
Magazines and Inserts ............ 1,168
Newspapers and Information Services ..... 5,858
Book Publishing ............. 1,141
Other .................... 2,378
Total revenues ............... $30,423
a. Provide a vertical analysis of the product segment revenues.
b. Are the revenues of News Corporation diversified or concentrated within a product segment? Explain

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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