(Reuters) - European shares rose on Wednesday, led by media stocks which rallied after NewsCorp's proposed $5-billion bid on Tuesday for Dow Jones & Co. and UK broadcaster BSkyB posted strong results.
BSkyB reported a 10 percent increase in its nine-month revenues and was optimistic about the outlook for the year. Its shares rose almost 4.2 percent, making it the top gainer in Europe in early trade.
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