Arab Today, arab today news corp posts 15 bn loss in q4
Last Updated : GMT 04:25:00
Arab Today, arab today
Arab Today, arab today

News Corp posts $1.5 bn loss in Q4

Arab Today, arab today

Arab Today, arab today News Corp posts $1.5 bn loss in Q4

Washington - AFP

News Corp, Rupert Murdoch\'s embattled media giant, posted Wednesday a net loss of $1.51 billion in its fiscal fourth quarter. The bottom line was hit by a $2.85 billion charge for restructuring as the company plans to split its entertainment division from its struggling publishing business, hit by the hacking scandals in Britain.

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