News Corp. Beats Profit Estimates on Higher Cable-TV Growth
Posted: 5/9/2013  |  By: Edmund Lee | Bloomberg

News Corp. (NWSA), the Rupert Murdoch-led media company planning to split in two, rose the most in more than 10 months after third-quarter profit beat analysts’ estimates.

The shares jumped 6 percent to $33.77 at 9:35 a.m. in New York. They earlier surged as much as 6.8 percent, the biggest intraday increase since June 26. The shares had advanced 25 percent this year through yesterday.