New Corp. not immune to scrutiny

April 18, 2008 News Corp. shares have been Wall Street favorites in recent years, but in recent days a couple of analysts have cut their rating and/or price target on the media conglomerate's stock, citing growth concerns, particularly at its online assets, led by MySpace. Morris emphasized that he continues to view News Corp. as well-positioned to capture above-average growth opportunities in the global media marketplace. The Italian satellite TV platform recently used promotions that could drag down results near-term, Morris suggested before asking whether the promotions may be a sign of sluggish subscriber momentum.

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