Wednesday, August 05, 2009

News Corp. Reports Loss on Internet Writedowns, Ad Sales Drop - Bloomberg.com

The worst recession since World War II battered ad sales at News Corp.’s local TV stations, social-networking Web site MySpace and newspapers, which include the New York Post and the Sunday Times. Chairman and Chief Executive Officer Rupert Murdoch hired new managers and cut jobs to help offset the advertising slump.
News Corp. Reports Loss on Internet Writedowns, Ad Sales Drop - Bloomberg.com
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