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News Corp (NWS, NWSA) cuts its profit outlook for the current fiscal year with results at the...

News Corp (NWS, NWSA) cuts its profit outlook for the current fiscal year with results at the Fox business network, the Sky Italia TV network, and with Australian newspapers expected to be lower than originally forecast. The company sees profit rising at a mid-to-high single digit rate, below its prior forecast of high-single-digit to low-double-digit percentage growth rate. During the earnings call (transcript), execs said a spinoff of publishing and education divisions should be completed before the end of the fiscal year.
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