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News Corp. Says Publishing Unit Lost Money

The media conglomerate, which plans to separate its entertainment businesses from its publishing businesses into two separate listed stocks next year, said the publishing company would have reported a net loss of $2.08 billion in the year through June 30 if it had been a stand-alone company.

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Zucker Is Lead Candidate to Head CNN

Jeff Zucker, the former chief executive of NBCUniversal, is the lead candidate to become the next president of CNN Worldwide, say people familiar with the matter.

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News Corp. Unit Interested in Penguin Group

Rupert Murdoch’s News Corp. has expressed interest in buying book publisher Penguin Group, potentially undermining merger discussions between Penguin and Random House, people familiar with the situation said.

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Viacom Earnings Drop 7%

Viacom Inc.’s earnings fell 7% for its fiscal third quarter as it continued to suffer from weak ratings, particularly on its Nickelodeon children’s network. The media conglomerate on Friday reported a $534 million profit for the period ended June 30, compared with $574 million a year earlier. Revenue fell 14% to $3.2 billion.