News Corp Earnings Slip in March Quarter

News Corp Earnings Slip in March Quarter
The Australian and Daily Telegraph as two of many newspapers belonging to News Corp. SYDNEY, AUSTRALIA - NOVEMBER 28, 2014.Lisa Maree Williams/Getty Images
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News Corp’s third-quarter earnings declined two percent to $US 242 million ($A374 million) led by a decline in print advertising revenue and Foxtel subscribers.

The company posted a net loss for the March quarter of $US 1 billion, after taking a $US1.1 billion ($A1.7 billion) non-cash impairment charge against its Foxtel and News America Marketing assets.