Newscorp - News

Ticker Symbol: NWS

News Corp News - Upcoming

During their February 6th earnings conference call, News Corp announced they now expect operating income to slip 30% in 2009 from $5.13 billion in 2008.

Investors are anxiously waiting to see how communications guru Rupert Murdoch will salvage its ever-softening print media revenues as well as News Corp’s myspace experiment.

News Corp News - Past

On February 6, News Corp reported it swung to a Q2 loss of $6.4 billion, or $2.45/share, due to $8.4 billion in write-downs. During the same period last year, the media conglomerate earned $832 million, or $0.27/share. Revenues dropped 8.4% to $7.87 billion.

A poll of analysts conducted by Thomson Reuters called for earnings of $0.19/share on revenue of $8.39 billion.

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