Profits at News Corp’s Publishing Division Down by Almost Half

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By: Mark Sweney | The Guardian

Profits almost halved at News Corporation’s publishing division, home to titles including the Times, Sun and Wall Street Journal, in the three months to the end of September, during which the company took a further $67m (£41.9m) charge relating to the News of the World phone-hacking scandal.

The company’s newspaper publishing operation was also hit by an advertising slow down in its US and Australian businesses in the three-month period.

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