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November 7, 2008

News Corp share price tumbles after profit warning

By paulmcnally

Shares in News Corp fell 19 per cent in London yesterday after the company issued a profit warning.

At yesterday’s close, the share price was down 121.95p to 509p – down from a year high of 1043p.

News Corp reported first quarter operating profits down nine per cent to $943m.

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