The Traderszone Network

Published in TZ Latest News 12 August, 2015 by The TZ Newswire Staff

News Corp profit beats as cost cuts in news business pay off

Shares of the company, controlled by Rupert Murdoch, rose about 5.5 percent in extended trading. News Corp said it was reviewing strategic options for Amplify, its flagship digital education brand. Chief Executive Robert Thomson said on a call with analysts that the company was in the final phase of talks with a potential acquirer for the business.