Moody's: News Corp. unchanged

Moody's Investors Service said that it does not anticipate that the scandal surrounding the criminal allegations of phone hacking at News Corp.'s News of the World UK newspaper will impact News Corp.'s Baa1 senior credit rating based upon the reported developments thus far.

The rating and stable outlook should be unaffected based upon the company's diversity, the minor contribution to operating performance of the affected operations and due to the company's strong liquidity and credit metrics, the agency said.

It is likely that advertisers will remain attracted to the company's stable cable and broadcast network viewership, that the general public will continue to see the company's films and television shows on an uninterrupted basis and that the bulk of the company's businesses will not be influenced by the negative media headlines about the company, the agency added.

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