Weeks after Fox merger scrapped investors say market value languishing because of underperforming businesses in portfolioThe shrinking of Rupert Murdoch’s News Corporation by 1,250 roles after a plunge in profits of almost a third serves as a stark reminder that the billionaire mogul’s abortive attempt to reunite his media empire was built on a mission to protect his weakest publishing assets.Less than three weeks ago Murdoch scrapped his decade-long ambition to reunify News Corp – home to assets including the Sun, Times, the Australian and Wall Street Journal, with the immensely profitable Fox, broadcaster of Fox News and prime NFL games – reluctantly admitting it was “not optimal” after a backlash from investors and his younger son, James. Continue reading... Continue reading at 'The Guardian'
[ The Guardian | 2023-02-10 16:37:18 UTC ]