News Corp chairman Rupert Murdoch said Tuesday the company had had a strong start to the second-quarter and had not been affected so far by the global credit market squeeze, reports Reuters. “So far this quarter, and we are only halfway through, we are going very well and very strongly,” the 76-year-old media mogul told a shareholder meeting in Australia. News Corp, which is completing its acquisition of Dow Jones, the US media company, last week reaffirmed forecasts for low-teens percentage growth in fiscal 2008 operating profit growth despite a solid first-quarter, warning of potentially tough economic conditions next year.

This entry was posted by Gwen Robinson on Tuesday, November 13th, 2007 at 5:30 and is filed under Capital markets, M&A, People. Tagged with news corp, rupert murdoch. Edit this entry.