News Corp Posts Higher Quarterly Revenue, Profit

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By: Reuters

(Reuters) – News Corp reported higher quarterly revenue and profit on Wednesday on strong growth at its cable networks.

The media conglomerate, controlled by Rupert Murdoch, said revenue rose 5 percent to $9.43 billion for the quarter that ended in December. Analysts were expecting revenue of $9.28 billion, according to Thomson Reuters I/B/E/S.

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