News Corporation, said it lost $ 2.1 billion publishing arm
News Corporation said its publishing wing made a $ 2.1 billion (€ 1.3 billion) loss in the past year.
Revenue fell 5%, partly as a result of the closure of the News of the World, which stopped publishing after the phone-hacking scandal erupted in the United Kingdom.
The company detailed the losses he formally applies to U.S. lawmakers Securities and Exchange Commission for its activities in two.
The publishing arm, said that News Corp. had a profit of $ 678 million made a year earlier, will be called The New News Corp. will book publisher HarperCollins, the Times and the Sun newspapers in Britain, Wall Street Journal, the New York Post and the Australia.
The more lucrative TV and film industry will be, and the parent will be called Fox Group.
It will be the American Fox News and 20th Century Fox film studio.Robert Thomson, the current editor of the Wall Street Journal and previously edited the Times, will lead the new release his.
He receives an annual salary of $ 2m, and a performance-based annual bonus with a target of $ 2 million.
Rupert Murdoch will continue as chairman and CEO of the parent company, which his compensation totaled $ 30m in the past year.
News Corporation said its publishing wing made a $ 2.1 billion (€ 1.3 billion) loss in the past year.
Revenue fell 5%, partly as a result of the closure of the News of the World, which stopped publishing after the phone-hacking scandal erupted in the United Kingdom.
The company detailed the losses he formally applies to U.S. lawmakers Securities and Exchange Commission for its activities in two.
The publishing arm, said that News Corp. had a profit of $ 678 million made a year earlier, will be called The New News Corp. will book publisher HarperCollins, the Times and the Sun newspapers in Britain, Wall Street Journal, the New York Post and the Australia.
It will be the American Fox News and 20th Century Fox film studio.Robert Thomson, the current editor of the Wall Street Journal and previously edited the Times, will lead the new release his.
He receives an annual salary of $ 2m, and a performance-based annual bonus with a target of $ 2 million.
Rupert Murdoch will continue as chairman and CEO of the parent company, which his compensation totaled $ 30m in the past year.
0 comments:
Post a Comment