Rupert Murdoch's News Corp registers $817m loss as its newspapers' value fall
Rupert Murdoch’s News Corp recorded an $817m (£629m) loss in the full 2017 financial year due to a fall in the value of its UK and Australian newspapers. Revenue declined from $8.29bn to $8.12bn, a 2 per cent drop reflecting lower print advertising revenues and foreign currency fluctuations. The company said a charge of $785m reflected the write-down of UK and Australian newspapers.
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