News Corp. Publishing Business Lost $2.1 Billion

bloomberg.com — News Corp. (NWSA), which plans to break off its publishing unit into a separate company, said the division lost $2.1 billion last year amid writedowns, restructuring and declining sales. The business swung to a net loss in fiscal 2012 after a profit of $678 million in 2011, News Corp.
Tony Romm Technology Reporter, Politico @TonyRomm
RT @DylanByers: RT @nbj914: News Corp.'s publishing division lost $2.1 BILLION this year: t.co/L6Y29RNn
Edmund Lee Media Reporter, Bloomberg News @edmundlee
>@nwscorp incurred $224 million in legal fees from hacking, plus $151m in restructuring costs mostly from NoTW closure: t.co/wysJW2c3
Nicholas Jackson Digital Director, Pacific Standard Magazine @nbj914
News Corp.'s publishing division lost $2.1 BILLION this year: t.co/qCgyH4CH
Dylan Byers Political Media Reporter, Politico @DylanByers
RT @nbj914: News Corp.'s publishing division lost $2.1 BILLION this year: t.co/L6Y29RNn
Jim Sterngold Contributor, Fortune @JimSterngold
News Corp. Publishing Business Lost $2.1 Billion -- Maybe that's why Murdoch is unloading it? t.co/KKGCwSbz
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