Earnings: News Corp. Operating Income Dropped 30 Percent In FY09 — And Murdoch’s Pleased

Rupert Murdoch

You read that right. News Corp (NYSE: NWS). reported full-year results showing a 30 percent drop in adjusted operating income for the year, down to $3.6 billion from $5.3 billion for the previous fiscal year. So why is Chairman and CEO Rupert Murdoch pleased? Because it wasn’t worse for a year he calls “the most difficult in recent history.” Murdoch’s statement in the earnings release: “

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