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BUSINESS IN ASIA TODAY - FEB 13, 2002.
AsiaPulse News, February, 2002
Business in Asia on Feb 13, 2002. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
NEWS CORP POSTS H1 NET LOSS OF US$530.71 MLN
SYDNEY - Rupert Murdoch's media giant News Corp (ASX:NCP) has posted a first half net loss of A$1.04 billion (US$530.71 million) after abnormal charges. The loss for the half year was worse than the $A475 million loss reported in the same period last year. News Corp has also scaled back its forecasts for full year operating income growth. The result included an abnormal charge of A$1.6 billion, reflecting the writedown of the company's broadcast network sports contracts and the pending divestment of the company's interest...
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