Rupert Murdoch's company filed with the SEC to officially split in two today, disclosing that the publishing side, referred to as "New News Corp.," lost $2.08 billion over the last fiscal year because of impairment and restructuring costs, plus a decline in advertising. Last year, the company said, "We were able to enjoy certain benefits from Parent's operating diversity and access to capital for investments, which benefits will no longer be available to us after we separate." The other side of things, including 20th Century Fox and Fox News, will have no such problems.
Most Viewed Stories
Exclusive: MH370 Pilot Flew a Suicide Route on His Home Simulator Closely Matching Final Flight
Ivanka’s RNC Dress Was From Her Own Line — But It Wasn’t Made in the U.S.
Behind the Batman: The Killing Joke Movie’s Approach to Batgirl, Sex, and Sexual Violence
Why Italians, Maori, and Children of Divorce Have the Least Childhood Amnesia
When Did the Media Turn Against Taylor Swift?
3 Ballerinas Tell the Truth About Dance Wellness
Ivanka Is Right About Promoting Gender Equality — and Her Father Will Do the Exact Opposite
Can Turmeric Cure Our National Inflammation?
The Clinton-Kaine Ticket Is Safe and Boring — in a Good Way
Latest News from Daily IntelligencerAt Least 9 Dead in Shooting ‘Rampage’ in Munich, Germany
Police gave the "all clear" early Saturday morning.The Case for Tim Kaine
The myopia of liberal disappointment.The Clinton-Kaine Ticket Is Safe and Boring — in a Good Way
Yes we Kaine.Hillary Clinton Withholds Veep Pick, Notes Trump Talks a Lot Like Dictator
Not much higher than what Mitt Romney drew.First Baby Born in NYC With Zika Birth Defects
Department of Health officials confirm.Exclusive: MH370 Pilot Flew a Suicide Route on His Home Simulator Closely Matching Final Flight
Rupert Murdoch will be running the shop for a while.5 Things for Frightened Liberals to Tell Themselves About Trump’s RNC Speech
Hillary Clinton needs to vanquish him. But it's going to be close.Trump’s Grand Finale: Scenes From the Final Day of the Republican National Convention
Cleveland's finale.Trump’s Strongman Politics
The only solution he offers to the exaggerated problem of crime and disorder is himself.Donald Trump Jr. and the Future of Conservative Populism
The son will be the standard-bearer for his father, with some tweaks.Trump Brought Little Chaos to Cleveland – Outside the Convention Hall, Anyway
Our roundup of the stories, ideas, and memes you’ll be talking about today.Vicente Fox: Withdrawing From NAFTA Will Hurt the U.S., Not Mexico
His speech at the RNC didn’t make any sense, and that may be the point.The Christian Right Has Surrendered to Trump
The meaning of one of the most significant acceptance speeches in history.