News Corp's poor result
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News Corp reported its second quarter result today, and it was generally poor. As a result the share price is down by around 5% this morning.
We're currently working on an update but see no reason to change view based on one quarter's earnings. Indeed, the market appears to be over-reacting to a particularly weak result from News and Information Services and negative currency effects. Look out for a comprehensive review of the result Monday. BUY.
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