Pay TV helps News Corp top forecast

Press Association
Rupert Murdoch
Rupert Murdoch

News Corporation beat Wall Street's forecast for the January-March quarter, helped by growing revenue from pay TV networks including Fox News Channel and FX, and the hit 20th Century Fox movie Life Of Pi.

The company, controlled by billionaire Rupert Murdoch, also benefited from raising its stake in satellite TV company Sky Deutschland. It now holds a majority stake.