Rupert Murdoch's News Corp posts $219m loss on impairment charges

US media giant News Corp has reported a net loss of $219m (£175m) in the second quarter, mainly as a result of impairment charges in its Australian newspaper business. It is the second consecutive quarter in which the company has posted a loss amid declining advertising revenue at its news and information business. News Corp publishes several newspapers in the UK, US and Australia, including the Wall Street Journal, the Times and the Sun.