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 a Recent Year Major Product Segments……………………………………………..(in millions) Filmed Entertainment……………………………………………………..$ 7,631 Television……………………………………………………………………4,228 Cable Network Programming……………………………………………….7,038 Direct Broadcast Satellite Television……………………………………….3,802 Magazines and Inserts………………………………………………………1,192 Newspapers and Information Services………………………………………6,087 Book Publishing…………………………………………………………………….1,269 Other……………………………………………………………………………………1,531 Total revenues……………………………………………………………………….$32,778 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. View Solution: News Corporation is one of the world s largest entertainment companies

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 1MAD

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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 a Recent Year Major Product Segments……………………………………………..(in millions) Filmed Entertainment……………………………………………………..$ 7,631 Television……………………………………………………………………4,228 Cable Network Programming……………………………………………….7,038 Direct Broadcast Satellite Television……………………………………….3,802 Magazines and Inserts………………………………………………………1,192 Newspapers and Information Services………………………………………6,087 Book Publishing…………………………………………………………………….1,269 Other……………………………………………………………………………………1,531 Total revenues……………………………………………………………………….$32,778 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. View Solution:
News Corporation is one of the world s largest entertainment companies

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