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Record Operating Profit At News Corp., But Dig Deep Into The Results And At Newspapers, the Company's Traditional Foundation, Operating Income Was Down 30%
Philip M. Stone August 10, 2006
Its news release headline put it best: “News Corporation Reports Record Full Year Operating Profit of $3.9 billion – Growth of 9% over Fiscal 2005”, but dig into the numbers and it’s obvious that newspapers are now just a small part of the empire, and their performance is worsening.
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