Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

News Corp. Posts $6.4B Loss

By the Associated Press

Posted Feb 5, 2009 5:23 PM CST

(AP) – News Corp., the global media giant controlled by Rupert Murdoch, said today it lost $6.4 billion in its most recent quarter because of a massive write-down in the value of its assets. The company, which owns the Wall Street Journal and Fox, also forecast...   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
4 comments
A snapshot of the day's best news stories.
 

More Newser Stories

Murdoch 'More Pessimistic' About Economy

Fox Business Sets a Date

WSJ : Our Murdoch Coverage Wasn't Good Enough

Former Exec: Fox News Hacked Phones, Too

WSJ : Stop Using Hacking Scandal to 'Assail' Us


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment