Media

Jul 2, 2012

Analyst forecasts grim for News Corp’s paper business

Goldman Sachs, one the two bankers handling the forthcoming News Corporation split, is forecasting a sharp fall in newspaper operating earnings in the 2013 financial year.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

Goldman Sachs, one of the two bankers handling the forthcoming News Corporation split, is forecasting a sharp fall in newspaper operating earnings in the 2013 financial year that started yesterday. The earnings forecast is contained in research circulated last week ahead of the formal announcement of the split on Thursday night, Australian time. It calls into question the value of the mastheads in the News Corp accounts for the June 30, 2012 financial year.

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