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News Corp. Q4 Sales Of $8.4B Miss Estimates, Takes $2.8B Charge On Publishing Business

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Ingrid is a reporter for TechCrunch, joining February 2012, based out of London. She comes from paidContent.org, where she was a staff writer, and has in the past also written freelance regularly for other publications such as the Financial Times. Ingrid covers mobile, digital media, advertising and the spaces where these intersect. When it comes to work, she feels most... ? Learn More News Corporation has just reported its quarterly earnings. For Q4 it had revenues of $8.4 billion with earnings per share of $0.32, both down compared to the year before (Q4 2011 the company reported revenues of $9 billion with EPS of $0.35). The company also reported a net loss of $1.6 billion for the quarter, compared to a net income of $683 million in the same quarter a year ago. The company said the figure included a $2.8 billion restructuring charge for its publishing division, which News Corp. is planning to separate from its entertainment division. That includes publications like the Wall Street...

Zillow Q2 Earnings Beat Analyst Estimates (Slightly) With $27.8M In Revenue, $1.3M Net Income

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Anthony Ha is a writer at TechCrunch, where he covers media, advertising, and startups. Previously, he was a staff technology writer at Adweek, worked as a senior editor at the tech blog VentureBeat, and was also a reporter at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing.... ? Learn More Online real estate site Zillow came out slightly ahead of analyst predictions in its second quarter earnings results, reporting $27.8 million in revenue and earnings of 5 cents per share. Wall Street estimates had put revenue at $27.1 million and  earnings at 4 cents per share. Net income was $1.3 million, down from $1.6 million during the same period last year. The revenue numbers mark another revenue record for Zillow — the previous record was last quarter’s $22.8 million. That’s also a 75 percent increase over Q2 2011. In the earnings press release, CEO Spencer Rascoff says: “Zillow had an excellent second...