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Planned News Corp spin-off lost $2B in fiscal 2012

Rupert Murdoch's News Corp. says the news and publishing unit it plans to split off next year posted a $2 billion net loss in the fiscal year through June, mainly due to one-time charges and restructuring costs in its newspaper division.

 

Deadline looms for Time Warner Cable and News Corp.

The possibility that Fox shows could disappear from cable viewers' screens increases as the media giants continue trying to hammer out a deal by midnight on New Year's Eve.

 

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