Profits at Rupert Murdoch's News Corp have tripled, driven by advertising sales at the firm's Fox TV network and Fox News.
News Corp made $2.69bn (Ј1.4bn) in the first three months of the year compared with $871m in the same period in 2007.
Profits were also Microsoft withdraws offer for Yahoo ...
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Shares rally on better bank news ... lifted from the sale of a stake in digital TV firm DirecTV.
News Corp said revenues from its newspapers rose 38% after it bought the publisher of the Wall Street Journal, Dow Jones, in December.
Advertising sales were boosted by the broadcast of the Superbowl.
"Our ability to generate returns from a multitude of sources puts us in a great position to maintain our financial momentum even in times of economic uncertainty," said Mr Murdoch, News Corp's chairman and chief executive.
News Corp recorded a gain of $1.67bn after Mr Murdoch traded a 41% stake in DirecTV to Liberty Media in exchange for stock and cash.
News Corp also owns MySpace and Twentieth Century Fox.
(BBC)
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