So Much for Getting Acquired by News Corp.
A year ago, News Corp. was one of a handful of names that consistently arose alongside talk of M&A. Now, getting acquired by the company seems as remote a possibility as flying unicorns -- especially after today's earnings call. Earlier this afternoon, the media conglomerate reported a $6.4 billion net loss for the most recent quarter, after taking an $8.4 billion writedown on its newspaper, TV and information service business divisions.
5 February 2009•1 min read
