Because it's a fixed-width file, with no line terminators. This will work however (as a filter): 
local $/ = \5201;
while (<>) {
    chop;
    print;
}

[download]
'man perlvar' for details.

In reply to Re^2: EBCDIC File I/O by djp
in thread EBCDIC File I/O by Grygonos

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