Yesterday, the company said it would release its results on February 12, and it is thought that News Corp will show a 35% fall in earnings, as well as significant writedowns, as the downturn in the advertising market, particularly in the US, continues to bite.
Some analysts doubt that the company will meet its current forecasts on full-year results, which were already cut back to 10% in October.
Shares in the company fell in Sydney and New York, where shares closed at $28.38, down 0.6%.
Last week, Sky Global chief executive Chase Carey, Rupert Murdoch's number three, resigned, representing the biggest management upheaval in News Corp in five years. His departure came three months after News Corp lost the race to buy US satellite broadcaster DirecTV from General Motors.
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