News Corp. Income Down 30%

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Interestingly, Fox News is about the only outlet he's got that's doing okay business wise. I think its safe to say that while he may be a good carny-barker tabloid mogul, Rupert Murdoch is not a good businessman. His ventures rarely make money and he has used leverage time and time again to get into new businesses that don't make profits. Look at what a waste his millions invested into MySpace have turned out to be? And iGuide, and TV Guide, etc.