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(Update) Fuji Media to Swing into Net Loss

(Update) Fuji Media to Swing into Net Loss

Fuji Media President Osamu Kanemitsu speaks to the press in Tokyo on Wednesday.
Fuji Media President Osamu Kanemitsu speaks to the press in Tokyo on Wednesday.

   Tokyo, April 30 (Jiji Press)--Fuji Media Holdings Inc. said Wednesday that it expects to swing into a net loss in the year that ended in March due to the fallout of a scandal over its response to a sexual assault involving former television star Masahiro Nakai.
   The parent of Fuji Television Network Inc. expects to post a consolidated net loss of 20.1 billion yen, its first loss since the Japanese TV broadcaster shifted to the holding company structure.

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AFP-JIJI PRESS NEWS JOURNAL


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