NEW YORK, Feb. 5 (Xinhua) -- New Corp., Rupert Murdoch's media giant, reported Thursday a 6.41 billion U.S. dollar loss in the second quarter of its fiscal year.
The company, which owns Dow Jones & Co., movie studio 20th Century Fox and the Fox broadcast network, said its second quarter results were impacted by 8.4 billion dollars in one-time charges, including a write down of the value of its Federal Communications Commission licenses.
Excluding the 8.4 billion dollars asset write-down and other factors, the company said its net income in the three months to Dec. 31, 2008 was 320 million dollars, or 12 cents per share.
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News Corp Chief Executive Rupert Murdoch leaves the New York Stock Exchange October 10, 2008. |
In the same period of previous year, the company had net income of 832 million dollars, or 27 cents per share.
"Our results for the quarter are a direct reflection of the grim economic climate," Murdoch said in a statement.
"While we anticipated a weakening, the downturn is more severe and likely longer lasting than previously thought," he added.