But, recently Wall Street didn't like what it heard. The stock had plummeted 11%, the most in 5 years. Here are more details from Bloomberg.
The trouble, at least as Wall Street sees it, is that it is investing in Aussie cable network Foxtel. That is pressuring margins.
However, because NewsCorp has been effective in migrating print readers to digital subscriptions it has a good shot at staying in business.
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