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News Corp posts higher quarterly profit

    (Reuters) - Rupert Murdoch's News Corp on Wednesday posted a higher quarterly profit, aided by its cable networks and movie studio business.

    The company's fiscal third-quarter net income rose to $1 billion, or 38 cents a share, from $682 million, or 24 cents a share, a year ago.

    Revenue increased 2 percent to $8.4 billion.

    Murdoch and his company have been embroiled in the fallout from a phone hacking scandal at its UK newspapers that has reverberated throughout the wider New York-based media conglomerate.

    A UK parliamentary select committee report published last week said Murdoch was unfit to run a major international business.

    (Reporting by Yinka Adegoke; Editing by Steve Orlofsky)

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