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

|About: News Corporation (NWS)|By:, SA News Editor

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.