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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.

 

Murdoch bid for Los Angeles Times and Chicago Tribune mooted

Los Angeles Times

Rupert Murdoch's News Corporation is looking to bid for the Los Angeles Times, the paper has reported, adding Murdoch is also interested in buying its stablemate the Chicago Tribune from their parent company, the Tribune Company.

Senh: Might as buy them while they're cheap.

 

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