News Corp. executives offered few details of how they will implement the new business plans, the report said.
News Corp. reported a loss for its latest quarter, dragged down by charges related to MySpace and other assets and by a steep decline in its television and newspaper businesses.
The company took $680 million in charges, in part to write down the value of the unit that includes MySpace. It bought MySpace's parent company four years ago for $650 million, but the social-networking site has struggled to generate consistent profits, and its advertising revenue declined again.
No comments:
Post a Comment