Wednesday, May 6, 2015

NEWS CORP PROFITS SLUMP

Profits have slumped over 50% at News Corp - the media group owned by Rupert Murdoch.

The Times, Sunday Times and Wall Street Journal parent company registered third quarter net profits of $23 m, with revenues also slipping 1% to $2.06bn.

Danny Cox of stockbroker Hargreaves Lansdown says the News Corp results were mixed at best.

IN: "Blaming... 
OUT: ...same name." 
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