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News Corp. Is More Profitable Than Ever

But investors are wary of Murdoch's stewardship.

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Mary Altaffer / AP Photo

News Corp. is doing great business. It's been generating more than $2 billion in cash a year, and getting good returns on its investments. Analysts say the stock should be almost $21 a share, rather than below $17, where it is. The gap is a “Murdoch discount,” attributed to wariness over the empire's unpredictable CEO. The gap existed after the MySpace and Dow Jones deals, and it's widened since the hacking scandal.

Read it at Financial Times

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