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News Corp said it swung to a loss in the latest quarter, due in part to a revenue decline and a sharp drop in profitability at its book-publishing unit. The New York-based media company, which owns The Wall Street Journal, HarperCollins Publishers and news organizations in the U.K. and Australia, said revenue fell 9% to $2.43 billion for the quarter ended June 30, hurt by foreign-currency fluctuations and the fact that the year-earlier quarter comprised one extra week. The company lost $8 millio...
>>> Read more: News Corp Swings to Loss Amid Revenue Drop, Book-Publishing Struggles
>>> Read more: News Corp Swings to Loss Amid Revenue Drop, Book-Publishing Struggles
