News Corp Q1 profit soars


SYDNEY/NEW YORK: Rupert Murdoch's News Corp Ltd said yesterday its quarterly profit more than doubled, boosted by strong DVD sales of Daredevil and Phone Booth as well as growth in newspaper earnings. 

News Corp, which owns the 20th Century Fox film studios, the Fox News Channel, scores of newspapers and a swathe of pay-TV assets, stuck with its previous forecasts for high single-digit to low double-digit earnings growth for the fiscal year. 

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