Sky fall drags News Corp down | |
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05-08-2004
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News Corp shares fell as much as 4.3 per cent to AU$11.64 in Sydney after BSkyB, said it will boost spending to spur growth, hurting profit for three years. News Corp is BSkyB's largest shareholder. Shares in Sky fell almost 20 per cent on Wednesday, hitting the lowest since October 2002, and wiping more than £2 billion (E3 billion) off the company's value. | ||
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