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While she is leaving News Corp, McKenna will remain a close adviser of Murdoch, continuing to oversee his private investment vehicle Illyria, which owns Nova. McKenna was profiled by Good Weekend last week. She will officially retire from her position at News on December 31. She remains chair of Australia Post and chair of Nova Entertainment. News Corp’s Australian accounts were published late on Wednesday, showing a drop in both print advertising revenue as well as a drop in circulation and subscription revenue. News posted a net loss after tax of $27.4 million for the year. News Corp was approached for comment.
