How Did News Corp. Turn Profits Around?

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

New Corp

A filing shows that the publishing company News Corp. (NASDAQ:NWSA) made a profit, which is a turn around from last year’s loss. The company under chairman Rupert Murdoch split this off from the rest of his entertainment business in June.

News Corp. made a profit of $506 million ending in June, which is a good boost from the loss of $2.08 billion a year. The profit was 87 cents per share this year while the loss was $3.58 the year before.

The loss that had occurred the year before could mainly be attributed to a non-cash charge of $2.8 billion. This was mainly due to the Australian business.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business