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NEW YORK (
TheStreet) -- Shares of
(NWSA - Get Report) may be taking it on the chin of late, but Jim Cramer told Debra Borchardt at
TheStreet.com Thursday that he's sticking with the company for his charitable trust,
Cramer said News Corp outlined three areas of weakness in its conference call: Italy, Australia and its Fox broadcast network. Fox has been having a tough time competing with the likes of ESPN in the lucrative sports world, but that all could change after News Corp splits itself up later this year and could potentially cobble together an international sports network to rival that of ESPN.
It may be wait and see for now, but Cramer said it will be a whole new ball game for News Corp after the split.To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC