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VIDEO:News

Cable Is King at NewsCorp, TimeWarner

Description:Stocks stage a last minute rally to close higher for the second time this week. The action actually amounted to the smallest move of any kind in three weeks. Earnings news to digest: News Corp. After the close, the media giant announced a higher-than-expected rise in quarterly revenues thanks to an 8 percent jump in ad sales at its cable business. (2:27)

Source: Reuters

Tags: reuters , rupert murdoch , John Suthers , news corp.

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