News Corp: Scandal? What scandal?

The latest results confirm this media conglomerate’s key attraction; rapid profit growth in a low-growth world.

Seven months ago, News Corp was mired in the News of the World scandal. Right from the start, this was a political catastrophe, especially for James Murdoch, but a financial non-event.

For the value investor able to set aside the repugnant nature of the company’s actions, it was a very welcome opportunity.

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