1、Annual Report 2006Imagining the futuretodayAnnual Report 20064NEWS CORPORATIONFiscal 2006 was a year of change,challengeand achievement for News Corporation.We accelerated the transformation of ourcompany from a traditional media company into amajor digital player.And we did so while maintain-ing th
2、e competitive edge that has made our moreestablished businesses the leaders in their fields.Full year results once again speak for themselves and more loudly than ever.Operating incomerose to record levels at nearly all segments of ourcompany,including Direct Broadcast SatelliteTelevision,Cable Netw
3、ork Programming,Television,Filmed Entertainment,Magazines and Inserts,and Book Publishing.Earnings per share fromcontinuing operations rose by 26 percent to 87cents,its highest level ever.Chief Executive Officers LetterimagineopportunityI could not be prouder of our accomplishmentsthis past year and
4、 over the last several record-break-ing years.Yet I am even more impressed by the ener-gy and intelligence with which our employees andsenior management have grasped the opportunitiesof the digital revolution a revolution that holds thepromise of changing our world as fundamentally asthe Agricultura
5、l and Industrial Revolutions.Digitaltechnologies broadband,mobility,storage andwireless play to our companys historical strengths:offering consumers the widest possible array ofquality content,delivered in ways they prefer.News Corporations core mission has alwaysbeen to provide as many consumers as
6、 possiblewith the highest quality content through themost convenient distribution channels.That was(a)Fox Regional Sports Networks are all 100%owned except for Fox Sports Net South which is 88%owned.The words“expect,”“estimate,”“anticipate,”“predict,”“believe”and similar expressions and variations t