In what News Corp chairman Rupert Murdoch has described as one of the most difficult years in recent times, the media company has reported a loss of £2bn in the 12 months to end of June.
News Corp, the owner of Twentieth Century Fox, The Wall Street Journal and BSkyB in which it has a 39% [...]
News Corporation has slumped to a $6.4bn (£4.3bn) quarterly loss as advertising revenues fell in the “grim” economic environment.
The BSkyB and News International owner’s loss for the three months to 31 December compares with a $832m (£566m) profit in the same period last year.
Group revenues dipped to $7.9bn (£5.4bn) from $8.6bn (£5.8bn) a year earlier [...]