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

Question:

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:
Major Product Segments..................................... For a Recent Year (in millions)
Cable Network Programming............................................................... $ 9,132
Filmed Entertainment...........................................................................7,302
Television ........................................................................................4,734
Direct Broadcast Satellite Television .........................................................3,672
Publishing ........................................................................................8,248
Other ................................................................................................618
Total revenues ................................................................................$33,706
a. Provide a vertical analysis of the product segment revenue. Round whole percents to one decimal place.
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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-1305088436

14th edition

Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac

Question Posted: