Excluding the write-down, News Corp. earned 32 cents a share in the quarter, down from 35 cents a share a year earlier, but in-line with analysts' expectations.
Revenue declined 7% to $8.37 billion; analysts were calling for revenue of $8.78 billion.
News Corp. said in June that it planned to separate its struggling publishing business from its entertainment assets by next year.
Zynga (ZNGA - Get Report) Chief Operating Officer John Schappert, an industry executive who came from Electronic Arts (EA), is resigning, effectively immediately, according to an 8-K filing from the San Francisco-based social gaming company. Schappert also resigned from Zynga's board. He was a member of the mergers and acquisitions committee of the board. Words With Friends: Zynga COO Says 'I Quit'
Sirius XM (SIRI - Get Report) shares jumped 7.6% Wednesday to $2.48 on news that Liberty Media will spin off the Starz cable network into a separate company, providing Liberty with more cash to pursue the satellite radio company. Liberty Media owns more than 40% of Sirius' common shares. Sirius also announced plans Wednesday to sell $400 million of debt, due in 2022. Liberty Media May Pursue Sirius: Tech Winners & Losers
Retailer Kohl's (KSS - Get Report) is expected by analysts Thursday to post quarterly earnings of 96 cents a share on revenue of $4.21 billion.
Wendy's (WEN - Get Report), the fast-food chain, is expected by analysts to earn 5 cents a share in its latest quarter on sales of $647.9 million.
Brinker (EAT), the restaurant company, is expected by analysts to post fiscal-fourth quarter earnings of 58 cents a share on revenue of $734.3 million.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
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