by: Christopher Zara | Internatonal Business Times

News Corporation (Nasdaq:NWSA) is expected to report higher first-quarter fiscal year 2013 profits Tuesday as a boom in political ad spending on the unbeatable Fox News helped bring double-digit earnings growth for its cable unit, offsetting a double-digit decline in newspaper profits for the period ending Sept. 30.

With a market capitalization of $57.43 billion, News Corp. is expected to report first-quarter EPS of 38 cents, up from 32 cents for the year-earlier period.