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.
RT @DylanByers: RT @nbj914: News Corp.'s publishing division lost $2.1 BILLION this year: t.co/L6Y29RNn
>@nwscorp incurred $224 million in legal fees from hacking, plus $151m in restructuring costs mostly from NoTW closure: t.co/wysJW2c3
RT @nbj914: News Corp.'s publishing division lost $2.1 BILLION this year: t.co/L6Y29RNn
Oof. News Corp. publishing business loses 2.1 billion in 2012 t.co/CnBl5FnS via @BloombergNews
News Corp.'s publishing business lost $2.1 billion last year | t.co/LF69ML8G