News Corp. Falls Out of Top 25 Media Earners List
According to a new study from SNL Kagan, News Corporation’s bottom line dropped so far in the second quarter that it’s no longer one of the top 25 media company earners. The company reported a net loss of $1.5 billion during 2Q, compared with a $683 million profit during 2Q of 2011.
In News Corp.’s number two spot is Reuters, with $935 million net profits. Disney once again topped all media companies, pulling in $2 billion.
The
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in