Fox News parent company News Corp saw a more than 95% drop last fiscal quarter in operating income for television and newspaper segments. Total income fell 47% to $755 million and revenue fell almost 16%. Unfortunately, Fox News Channel almost doubled their income compared to the same quarter the previous year due to increased ad rates, which likely rose because their ratings were up. It is also a sign that the economy may be taking a turn for the better – people are spending more money and companies can spend more to advertise.

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2 Responses to “News Corp Sees Major Losses”

  1. GLEN VAUGHN says:

    FOX NEWS IS ABOUT THE ONLY CHANNEL WHERE WE CAN GET THE TRUTH ABOUT WHAT IS REALLY GOING ON IN THIS ADMINISTRATION. I FULLY SUPPORT FOX..

  2. FoxNewsBoycott says:

    If by truth you mean calling Obama an elitist for wanting Dijon mustard on his burger, or denying that waterboarding is torture despite the fact that international law states that it is, then I guess you’d be right. The rest of the sane world isn’t fooled by their distortions and manipulations of the facts.

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