Urgent: In broad market rout, NWS down nearly 5%

Company shares finally closed at $16.21, down 78 cents, or 4.6%, as stock markets overall plunged on growing worries over the debt crisis in Europe. News Corp.'s performance was worse than broader stock market indexes: The S&P 500 and the Dow Jones Industrial Average both dived 3.2%. At one point, the Dow fell by nearly 1,000. (Updated at 5:25 p.m. ET.)