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Re: [Update] The News Corp scandal
http://www.bbc.co.uk/news/business-19187681
Quote:
Rupert Murdoch's News Corp has swung to a loss partly due to the weakness of its publishing business, which includes newspapers like the Times and the Sun.
The fourth quarter net loss was $1.6bn (£1bn) compared with a net income of $683m in the same period last year.
The loss included a $2.9bn pre-tax restructuring charge.
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Quote:
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Its publishing division reported quarterly operating income of $139m, down from $270m reported in the same period a year ago, reflecting lower advertising revenues and the lack of sales from closed tabloid News of the World.
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Do we have to assume that the Sunday Sun isn't selling as well as the NOTW did?
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Hell is empty and all the devils are here. Shakespeare..
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