News Corp.’s Profit More Than Doubles

News Corp.’s earnings more than doubled in the three months to December because of one-time gains related to acquisitions and strength in the cable networks division.

Net profit totaled $2.4 billion, or $1.01 a share, compared with $1.1 billion, or 42 cents a share, a year earlier. Much of the increase was related to the acquisition of the 50 percent stakes in Fox Sports Australia and Fox Star Sports Asia that News Corp. didn’t already own.

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