News Corp, Billion | featured news

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.

 

Media Decoder Blog: News Corporation Is Said to Bid for Penguin

Rupert Murdoch’s News Corporation, the parent company of HarperCollins, is exploring a cash bid for Pearson PLC’s Penguin book division, a step that could ignite a bidding war for Penguin as the publishing industry begins to move toward consolidation.

 

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