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Article: News Corp. a better bet than papers suggest; Double-digit growth makes stock appealing; Dow Jones a mystery.(In the Markets)
- Article from:
- Crain's New York Business
- Article date:
- April 7, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Matthew Flamm
For news corp., it was the same old story. In its most recent quarter, nearly every one of the international media giant's nine business segments produced double-digit growth in operating income.
Oddly, the company's share price has yet to reflect the good news. The owner of movie studios, television networks and MySpace has seen its stock sink 19% over the past year. To put that in embarrassing perspective: The loss is two percentage points worse than that logged by the bruised and battered New York Times Co.
Investors would be wise to read between the lines and give News Corp.'s shares a second chance. The stock is ...