News Corp posts loss after $371m education writedown

news corpNews Corp has made a hefty writedown on the value of its digital education unit and signalled a potential exit from a business Rupert Murdoch once hoped would shake up the textbook-heavy US education industry. The $371m impairment charge recorded in News Corp’s fiscal fourth quarter nearly matches the $390m it paid in 2010 for Wireless Generation, around which it built Amplify, its education division.

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