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News Corp doubles profit, gears up for split

News Corp said Wednesday it is on track to complete the split of the media-entertainment conglomerate by June, as the company reported a jump in profits from its accounting of broadcast operations.News Corp said Wednesday it is on track to complete the split of the media-entertainment conglomerate by June, as the company reported a jump in profits from its accounting of broadcast operations. The Rupert Murdoch-led group said profits more than doubled to $2.38 billion, boosted by income from newly acquired broadcasters.