However, Malone has also benefited from the rise in News Corp's share price; it has increased 40 percent in the last year. News Corp owns the 20th Century Fox film and TV studios, newspapers like the Times in London and the New York Post, the Fox television network, satellite distribution via DirecTV and Britain's BSkyB, book publishing through HarperCollins, and internet businesses led by the recent addition MySpace.com.
Murdoch said that while the media industry is in a period of turmoil, "to us, they're great times."
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