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Friday, August 11, 2017

News Corp posts $817m loss after falls in value of newspaper and pay TV assets | Media | The Guardian

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theguardian.com
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Revenue of $8.14bn is down 2% from $8.29bn last year due to lower print advertising revenue and foreign currency fluctuations Rupert Murdoch’s News Corp has posted an $817m financial year loss on the back of dramatic falls in the value of newspapers in the UK and Australia and write downs at Australian pay TV platform Foxtel. Revenue was $8.14bn, down 2% from $8.29bn last year, due to lower print advertising revenue and foreign currency fluctuations, the New York-based company said. Related: Up.  show all text
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