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 NEW YORK (AP) - News Corp., which disclosed a surprise bid for Dow Jones & Co. last week, reported 6.2 percent higher profit Wednesday on gains at its movie studio and cable networks, including Fox News Channel.
Higher earnings from home video sales of "Borat" and the theatrical release of "Night at the Museum" and other movies helped drive News Corp.'s profit to $871 million in its third fiscal quarter ended March 31, up from $820 million in the same period a year ago. Revenue rose 21.5 percent to $7.5 billion.
The earnings were equivalent to 27 cents per share, in line with the estimate of analysts surveyed by Thomson Financial, and up from 26 cents per share a year ago. News Corp.'s shares fell 39 cents to $23.26.
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