a loss, yes
but not a disaster. Why do you think newscorp offloaded myspace when they did? It was the last week of their tax year and they could claim that loss as a huge tax write off.
Television and film continue to be News Corp's core area of sales growth, even as other aspects of Rupert Murdoch's empire – including recently-sold MySpace and scandal-ridden News International – unsurprisingly had a bumpy Q4. The company rolled out Murdoch at its conference call in New York to personally anoint the results ( …
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