Quote:
Originally Posted by calvin-c
I suspect this is the bigger reason:
"News Corp. also said Friday that the new publishing company would not have to pay for any further legal costs or civil claims related to the phone hacking scandal involving its British newspapers."
Particularly the civil claims. I haven't heard whether the victims are suing News Corp or not but I'd think they were-and those claims could run into the billions if everybody they victimized sued them.
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Isn't it more likely that newspapers are ailing and other media thriving? It seems far more likely that the newspapers are dragging down the other components and this frees them from poor credit ratings, raises EBITA, etc?
What's amazing is that they took so long to do this.