News Corp.'s Profits Soar 67% On Fox Success...

News Corp.'s Profits Soar 67% On Fox Success...

Media mogul Rupert Murdoch's News Corp. reported a 67 percent jump in quarterly earnings on higher profits at its Fox movie and cable network divisions.

The powerful media and entertainment group posted net income in its fiscal fourth quarter of 717 million dollars, or 22 cents a share, compared to earnings of 15 cents a share a year ago.

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