News Corp revenues declined by 3% over the past year. And guess which country's newspapers are suffering the most?
ASX 200 Futures were up 4. The Dow Jones finished up 65. The Dow was up 204 at best but lost steam towards the end of the session to close up but below its open. The US ISM manufacturing survey rebounded to 50.9 from 49 in June beating the forecast of 50.1, although it wasn’t […]
The forthcoming split in News Corp has confirmed a Lachlan Murdoch-isation of Australian media. Board positions and yet another writedown (around $US1.2 billion) were revealed late Friday night our time in another filing in the US. As a result of these changes Lachlan Murdoch emerges as a power in his own right, evolving from being […]
Goldman Sachs, one the two bankers handling the forthcoming News Corporation split, is forecasting a sharp fall in newspaper operating earnings in the 2013 financial year.
Always remember this: Rupert Murdoch loves newspapers and is a control freak who fanatically obsesses about sustaining his family’s powerful dynasty.
Rupert Murdoch has addressed News Corporation's planned de-merger of print and entertainment assets in a letter dispatched to staff across the globe today.
News Corp confirmed the split will go ahead overnight in an orgy of laudatory local coverage from the papers in Australia, which continue to rediscover the joys of "shareholder value".