News Corp. took an $8.4 billion charge against earnings as the declining economy continues to take big bites out of media company valuations. As a result of the pre-tax, non-cash, impairment charge related to goodwill, News Corp., which owns , reported a second-quarter net loss of $6.4 billion, or $2...
Posted to
The Business of Television
by
News
on
Thu, Feb 5 2009
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Filed under: Broadcast, Cable, FX, Fox News Channel, MyNetwork TV, Big Ten Network, Rupert Murdoch, Fox Broadcasting, Economy, Fox International Channels, Fox Broadcast, Fox TV Stations