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News Corp. (NWS, NWSA) expects to write down the value of its soon-to-be-independent publishing...

News Corp. (NWS, NWSA) expects to write down the value of its soon-to-be-independent publishing business by $1.2B-$1.4B this quarter, according to an SEC filing. The media company says "certain of its goodwill and intangible assets were potentially impaired” at the publishing business, which includes newspapers such as the NY Post and WSJ.
Comments (1)
  • This is splendid! I hope people sell the spin off like it's nothing. There's a reason why Rupert injected additional liquidity into the new company... But I think the uncertainty around the publishing business is going to scare off investors.
    24 May 2013, 07:37 PM Reply Like
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