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News Corporation Announces A Rise In Profits To $2.74bn Click the link below to SUBSCRIBE to the 'News of the World Phone Hacking' YouTube channel @ http://www.youtube.com/subscription_center?annotation_id=annotation_732456&add_user=NOTWPhoneHacking&feature=iv For upto date news on the hacking scandal, follow me on Twitter @ http://twitter.com/#!/NOTW_Hack_News News Corporation has announced a rise in annual profits to $2.74bn (£1.69bn), apparently side-stepping damage in the wake of the phone-hacking scandal. The profits for the year ending in June beat Wall Street analysts' expectations and sent News Corp profits up by around 5%. Sky's City editor Mark Kleinman said the good performance of the company could largely be attributed to its television interests. In the results statement, News Corp's chairman Rupert Murdoch said: "While the fourth quarter of the financial year had been a good quarter from a financial point of view, our company has faced challenges relating to our London tabloid the News Of The World. We are acting decisively in the matter and will do whatever is necessary to prevent something like this from ever occurring again." Deal with the present before trying to manipulate the future Rupert. Your problems have not even started yet my old mucker. • Criminal charges & imprisonments • Political Inquiries in UK & US • Legal Inquiries in UK & US • Loss of business assets • Ordered to break up if found guilty in UK & US The hits will keep coming for you Rupert, so my advice is one step at a time. - NOTW Phone Hacking *NEW* Click the link below to SUBSCRIBE to the 'News of the World Phone Hacking' YouTube channel @ http://www.youtube.com/subscription_center?annotation_id=annotation_732456&add_user=NOTWPhoneHacking&feature=iv For upto date news on the hacking scandal, follow me on Twitter @ http://twitter.com/#!/NOTW_Hack_News Thanks to the BBC Wednesday 10th August 2011