News Corp announces $68m drop in income

News Corp has revealed its publishing income has plunged by more than a third in the wake of the News of the World phone-hacking scandal.

News Corp announces $68m drop in income
Thu, 03 Nov, 2011 - 07:16

News Corp has revealed its publishing income has plunged by more than a third in the wake of the News of the World phone-hacking scandal.

Results released by the global media empire for the fiscal first-quarter showed operating income for its publishing arm fell by $68m compared with last year.

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