8 of 20
8. News Corp.
8. News Corp.
Fortune 500 rank: 76
2009 loss: $3.4 billion
"Quality journalism is not cheap," CEO Rupert Murdoch said during an earnings call, and he's got News Corp's 2009 results to prove it. The parent company of The Wall Street Journal lowered its forecasts twice during the year and ended up taking an almost $9 billion write-down prompted by the decline in the growth of ad revenue and its stock price.

MySpace, which News Corp. bought in 2005, has also been a headache as its users have migrated to Facebook. The company took a charge on the social networking site during the fourth quarter, and has reduced headcount to cut costs.

While advertising was weak across most divisions, it has seen some "signs of life," according to Murdoch. News Corp's cable networking unit, which includes Fox News, helped buffer poor results with revenues and operating income showing double-digit growth.

NEXT: 9. Rite Aid
Last updated April 20 2010: 1:46 PM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Top 50 Wal-Mart knocks Exxon Mobil out of the No. 1 slot to rule the Fortune 500 again. Which other companies made the top 50 this year? More
They're hiring!These Fortune 100 employers have at least 200 openings each, totaling more than 60,000 jobs. What are they looking for in a new hire? More
20 most profitable Fortune 500 earnings soared, despite a seemingly feeble recovery. From Exxon Mobil to Goldman, here are the biggest winners. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.