News of the World axe hits News Corp

NEWS Corp has revealed its publishing income has plunged by more than a third in the wake of the News of the World phone-hacking scandal.

By The Newsroom

Published 4th Nov 2011, 00:00 BST

Results released by the global media empire for the financial first quarter showed operating income for its publishing arm fell by $68 million (£42.7m) compared with last year. The company put part of the decrease down to the closure of the Sunday tabloid in July.