NewsCorp Q1 profits lift expectations

NewsCorp, the media company controlled by Rupert Murdoch, said its third-quarter profit increased 69%, boosted by strength at its filmed entertainment and TV businesses.

Net profit in the quarter ended 31 March was $465m (€384.1m) and sales rose 19% to $5.2bn (€4.2m). Television profit rose 25%, helped by higher advertising rates for the Fox TV network's "American Idol''.