Rupert Murdoch has expressed frustration over Wall Street's failure to recognize News Corp.'s strong financial performance as a media company, saying he believed News Corp. was being bundled in the
financial community's mind with old-school media conglomerates whose future is too heavily pinned to traditional advertising models. His worldwide company, Murdoch said, is moving aggressively
into Internet businesses, better positioning it for future growth. Meanwhile, the company yesterday reported a quarterly net loss due to a $1 billion non-cash charge resulting from accounting
changes, but revenue rose 10 percent, mostly from significant advertising gains at Fox News and the Twentieth Century Fox film studio.
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