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Home > Foreign, Movie News, Television > News Corp profit beats forecasts on cable, movies

News Corp profit beats forecasts on cable, movies

(Reuters) – Rupert Murdoch’s News Corp on Wednesday posted a stronger-than-expected quarterly profit, aided by its cable networks and movie studio business, and its shares rose 2.7 percent in post-market trade. Investors also welcomed news that the board had approved another $5 billion in share buybacks, bringing the ongoing program to a total of $10 billion, to be completed by the end of the …

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News Corp profit beats forecasts on cable, movies

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