News Corp Loses $8 Billion in Market Cap

July 19, 2011 3:44 am

We spotted this today:

“Shares of News Corp. slid to a six-month low Monday as a cell phone hacking scandal continued to engulf Rupert Murdoch’s media empire.

Shares closed down 4.32% to $14.97 Monday, and the company has lost more than $8 billion in market capitalization since July 5.”

Statistics Source: CNN Money

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