News Corporation has just reported its quarterly earnings. For Q4 it had revenues of $8.4 billion with earnings per share of $0.32, both down compared to the year before (Q4 2011 the company reported revenues of $9 billion with EPS of $0.35). The company also reported a net loss of $1.6 billion for the quarter, compared to a net income of $683 million in the same quarter a year ago. The company said the figure included a $2.8 billion restructuring charge for its publishing division, which News Corp. is planning to separate from its entertainment division. That includes publications like the Wall Street Journal and Dow Jones, as well as the Times and the Sun in London, along with educational assets. The company unveiled a new brand, Amplify, for digital content for the K-12 segment, which will also include a venture to create a learning platform for "4G tablets" developed with AT&T. Source: http://feedproxy.google.com/~r/Techcrunch/~3/J1QO8_oTIiA/
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