Planned News Corp spin-off lost $2B in fiscal 2012

LOS ANGELES (AP) — Rupert Murdoch’s News Corp. says the news and publishing unit it plans to split off next year posted a $2 billion net loss in the fiscal year through June, mainly due to one-time charges and restructuring costs in its newspaper division. The details of the split were revealed …

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Planned News Corp spin-off lost $2B in fiscal 2012

LOS ANGELES (AP) — Rupert Murdoch’s News Corp. says the news and publishing unit it plans to split off next year posted a $2 billion net loss in the fiscal year through June, mainly due to one-time charges and restructuring costs in its newspaper division. The details of the split were revealed …

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