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News Corp profits up nearly two-thirds despite hacking costs
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News Corp's profits rose nearly two-thirds year on year to hit USD1.06bn in its fiscal Q2 ending December 31, up from USD642m in the same period a year ago and driven primarily by its cable, film and TV divisions. Total revenues rose 2% to hit USD8.98bn, with the figures beating analyst pessimism over ongoing costs relating to phone-hacking charges. Excluding these potential costs, News Corp says it expects full-year operating profits to grow in the "low- to mid-teen" percentages, in keeping with previous forecasts.
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