News Corp. Reports Loss on Publishing Write-Down
News Corp. (NWSA) reported a $1.6 billion loss for the second quarter after writing down the value of its publishing business by $2.9 billion. Shares fell 3% after-hours. The company’s core earning per share of 32 cents matched analysts’ expectations. Revenue of $8.37 billion missed analysts’ estimates of $8.74 billion. Operating income at its cable [...]
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