Net profit for News Corporation more than tripled in the first quarter of the 2012/13 financial year.
Net profit, for the three months to September 30, was $US2.23 billion, up from $US738 million in the prior corresponding period.
AAP reports the profit was boosted by the sale of News Corp's stake in NDS, a software company, in July, which produced a $US1.4 billion gain.
Chairman and chief executive Rupert Murdoch said the growth was despite a stronger US dollar.
Publishing EBIT was $US57 million in the three months to September, down 48% from $US110 million in the same period in the previous year.
The company also incurred $US67 million in costs related to a phone hacking scandal in Britain.
AAP reports another $US5 million in costs were booked for News Corp's proposed separation of its publishing and entertainment business.
News Corp's cable network programming division posted the strongest growth in earnings, generating $US953 million in EBIT, up 23% from the prior corresponding period.
Its film and television divisions also posted earnings growth.
News Corp's total revenue in the three months to September of $US8.14 billion was up 2% from $US7.96 billion in the previous corresponding period.
