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NEW YORK ( TheStreet) -- News (Nasdaq: NWSA) hit a new 52-week high Friday as it is currently trading at $19.80, above its previous 52-week high of $19.79 with 4.5 million shares traded as of 11:20 a.m. ET. Average volume has been 17.6 million shares over the past 30 days. News has a market cap of $32.84 billion and is part of the services sector and media industry. Shares are up 10.1% year to date as of the close of trading on Thursday. News Corporation operates as a diversified media company worldwide. The company has a P/E ratio of 14.8, below the average media industry P/E ratio of 17 and below the S&P 500 P/E ratio of 17.7.