Wednesday, February 2, 2011

MySpace Restructure And Digital Write-Offs Cost News Corp $275 Million

The cost to News Corp (NSDQ: NWS) of getting MySpace in to shape? A big chunk of $275 million in the last three months of 2010 alone. That was the Q2 total for devaluing its Digital Media Group and for the MySpace restructure and layoffs, recorded as a pre-tax accounting charge.

Source: http://feeds.paidcontent.org/~r/pcorg/~3/QuqsNH4u7cw/

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