How News Corp. Received Billions In Tax Refunds

Correction July 13, 2011

Reuters issued an advisory following this interview indicating that there are errors in the column by David Cay Johnson, on which this interview with Johnson was based.

Editor's Note: Reuters issued an advisory indicating that the column written by David Cay Johnston, on which this interview with Johnston was based, was wrong:

"Please be advised that the David Cay Johnston column published on Tuesday stating that Rupert Murdoch's U.S.-based News Corp made money on income taxes is wrong and has been withdrawn. News Corp's filings show the company changed reporting conventions in its 2007 annual report when it reversed the way it showed positive and negative numbers. A new column correcting and explaining the error in more detail will be issued shortly."

A transcript of the original interview is now available by clicking on the transcript link at the right of the "listen" box above. Johnston is expected to appear on Morning Edition Thursday to offer further clarification. We will provide updates as they become available.

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