re: #401 lawhawk

He didn’t read the financials correctly, and didn’t see that all those numbers in parens were actually losses or taxes paid, not money refunded by the IRS.

Instead of getting $4.8 billion in refunds, that’s the amount News Corp paid in taxes on $10.4 billion in pre-tax profits.

Johnson had been with the NYT, and this was actually his first written piece for Reuters since joining the company. Ouch.

A pretty stupid mistake but at least he issued a correction and apology. If Fox did this they’d still insist it was true.