Breakingviews 3 Min Read The Fox News electronic ticker is seen outside the News Corporation building in New York City, in New York, U.S., November 8, 2017. REUTERS/Shannon Stapleton MELBOURNE (Reuters Breakingviews) - There’s a hole in the News Corp story. The company trades at a curiously deep discount to its collection of misfit parts. Despite justifiable investor concern about Chairman Rupert Murdoch, a second read is warranted. Since the media mogul split his empire in June 2013, the $11.6 billion News Corp’s stock price has woefully underperformed the broader market, delivering an annualised total shareholder return of only about 4%. Recent steps taken by the company and deals struck by peers change some of the calculus, however.