UPDATE 3-News Corp to take charge of up to $1.4 bln this quarter

Newswire

* Australian publishing assets mostly to blame * Board formally approves split into two companies By Jennifer Saba May 24 (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the goodwill impairment charge was primarily for its Australia ...

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