Chairman and CEO of News Corporation Murdoch talks next to Jobs as they take part in a panel discussion titled "Immigration Strategy for the Borderless Economy" at the Milken Institute Global Conference in Beverly Hills, California

News Corp to take charge of up to $1.4 billion this quarter

By Jennifer Saba (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected red…

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