Stock Focus

7/14/2002 8:00 PM Eastern



News Corp.'s American Depository Receipts rose 10 percent, or $2.16, between July 2 and July 9, because investors saw the stock as a bargain after it hit record lows the week before. News closed at $23.65 on July 9, up from $21.49 on July 2. That July 2 price was its lowest point in three-and-one-half years, as negative sentiment about the U.S. advertising market pummeled the stock. News began to rebound after reports surfaced it was negotiating a lower price for Vivendi Universal S.A.'s Telepiu Italian pay TV service.

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