News Corp reports losses of £1bn

AOL Money Staff
Rupert Murdoch
Rupert Murdoch

Lewis Whyld/PA Wire/Press Association Images

News Corporation (NAS: NWS) has reported a loss in its quarterly results, with the company facing ongoing legal charges over the phone-hacking scandal.

The firm's net loss was 1.6 billion dollars (£1 billion) for the three months to the end of June, compared with a net income of 683 million dollars (£436.2 million) in the same period last year.