News Summary: News Corp 1Q earnings beat Street

Associated Press
FILE - In this Oct. 12, 2011 file photo, people walk in front of the News Corporation building in New York. News Corp. said Tuesday, Nov. 6, 2012, that net income for the latest quarter tripled from a year ago, reflecting a one-time gain from the sale of its stake in digital video technology company NDS. Revenue rose 2 percent thanks to growth at pay TV networks such as Fox News Channel. AP Photo/Kathy Willens, File)
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FILE - In this Oct. 12, 2011 file photo, people walk in front of the News Corporation building in New York. News Corp. said Tuesday, Nov. 6, 2012, that net income for the latest quarter tripled from a year ago, reflecting a one-time gain from the sale of its stake in digital video technology company NDS. Revenue rose 2 percent thanks to growth at pay TV networks such as Fox News Channel. AP Photo/Kathy Willens, File)

BETTER EARNINGS: News Corp. says net income for the latest quarter tripled from a year ago, reflecting a one-time gain from the sale of its stake in digital video technology company NDS.

MORE REVENUE: Revenue rose 2 percent thanks to growth at pay TV networks such as Fox News Channel.

CABLE TELEVISION: At its U.S. pay TV networks, advertising revenue rose 8 percent, led by Fox News and its regional sports networks. Fees from distributors rose 16 percent domestically.

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