News Corp. Earnings Preview: Higher Profits And No Separation Anxiety

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By: Christopher Zara | Internatonal Business Times

News Corporation (Nasdaq:NWSA) is expected to report higher first-quarter fiscal year 2013 profits Tuesday as a boom in political ad spending on the unbeatable Fox News helped bring double-digit earnings growth for its cable unit, offsetting a double-digit decline in newspaper profits for the period ending Sept. 30.

With a market capitalization of $57.43 billion, News Corp. is expected to report first-quarter EPS of 38 cents, up from 32 cents for the year-earlier period.

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