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June 26, 2012

Rupert Murdoch is passionate about newspapers: Why should he spin off publishing?

paidContent :: In May, News Corp. reported $4.1 billion profit on revenues of $25.3 billion for the first nine months of 2012. Publishing — newspapers (News International, Dow Jones and the Wall Street Journal, Australia) and book publisher HarperCollins — accounted for $458 million of profit and $6.2 billion of the revenue. Nearly all of the rest, roughly 90 percent of the profit and three-quarters of the revenue — came from Fox, cable programming 20th Century Fox, and Sky Italia.

[Staci D. Kramer:] Will Murdoch agree to spin off News Corp. publishing?

Continue to read Staci D. Kramer, paidcontent.org

June 26, 2012 at 01:42 PM |

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