News Corp. Takes $8.4B Earnings Hit

Feb 6, 2009  •  Post A Comment

News Corp. took an $8.4 billion charage against second quarter earnings, TelevisionWeek reports. The only bright spot Rupert Murdoch’s empire was in cable, where the Big Ten Network posted a profit and Fox News Channel posted large profit margins. The media giant expects its operating income for the year to be off by 30%, TVWeek reports.
—Jon Lafayette

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