Many investors run from a stock when it makes short-term negative headlines. But in this recent interview with Bloomberg about News Corp., one of his biggest holdings, top fund manager Donald Yacktman offers an interesting take on how a value investor like himself deals with short-term bad news. In the case of News Corp., for example, Yacktman says recent events have generated bad publicity, but haven’t had that big of an impact on the firm’s ability to generate profits. The stock’s decline has thus actually made it more attractive to him, he says.

[youtube=http://www.youtube.com/watch?v=QGS6YBsc7Uo]