You read that right. News Corp (NYSE: NWS). just reported full-year results showing a 30 percent drop in adjusted operating income for the year, down to $3.6 billion from $5.3 billion for the previous fiscal year. So why is Chairman and CEO Rupert Murdoch pleased? Because it wasn’t worse for a year he calls “the most difficult in recent history.” Murdoch’s statement: ““I am pleased that we are reporting adjusted operating income right in line with the guidance we previously provided during the last six months which reflects a decline of approximately percent.” We’ll have more on his take from the earnings call in a bit.