News Corp Registers $1.6 Billion Fourth-Quarter Loss

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By: BBC News

Rupert Murdoch’s News Corp has swung to a loss partly due to the weakness of its publishing business, which includes newspapers like the Times and the Sun.

The fourth quarter net loss was $1.6bn (£1bn) compared with a net income of $683m in the same period last year.

The loss included a $2.9bn pre-tax restructuring charge.

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