UPDATE 1-Rupert Murdoch gives up bonus after News Corp post $1 bln loss
May 08, 2020 at 01:49 AM EDT
News Corp Executive Chairman Rupert Murdoch is forgoing his cash bonus for the year after the media company posted a $1 billion quarterly loss due to a write-down in the value of its Australian pay TV unit and the impact of the COVID-19 pandemic on its businesses.
