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News Corporation posts $1.6bn fourth-quarter loss
News Corporation has posted a sharp quarterly net loss of $1.6bn (£1bn) compared with a net income of $683m last year.
Rupert Murdoch's company's profits have been hit by restructuring costs, which are reported to be nearly $3bn.
The publishing income was also down, reflecting the hit from the closure of the News of the World.
5 liveUp All Night got the reaction of Diane Brady, Senior Editor at Bloomberg Business week.
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