News Corp. Posts Loss on Publishing Business

News Corp. Posts Loss on Publishing Business Play

Aug. 8 (Bloomberg) -- News Corp., billionaire Rupert Murdoch’s media company, reported a $1.55 billion fourth-quarter loss after writing down the value of Australian newspapers and other parts of its global publishing empire. Gabelli & Co.'s Brett Harris talks about the earnings reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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