I recently purchased Newscast not knowing that I needed to check this out first. How can you sell a theme that is not usable with the current version of WP?
You can see software version of the theme on the right side of themes page on Themeforest http://i.imgur.com/t3Bi4ar.jpg
As far as i know, Newcast theme will not be updated. I would suggest you to take a look at Enfold multipurpose WordPress theme and contact ThemeForest Support to see if it is possible to change your Newcast license with Enfold license.
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