News Corp to cut 1,250 jobs after missing second-quarter estimates

Reduced ad spends due to rising inflation and higher interest rates have battered Rupert Murdoch’s media conglomerateMedia conglomerate News Corp said on Thursday that it would cut 1,250 jobs after it missed estimates for second-quarter earnings due to weakness in its news and digital real estate businesses.Rising inflation and higher interest rates are forcing companies to curb their ad and marketing spend, denting one of the major sources of revenue for companies such as News Corp, which has major publishing platforms including the Wall Street Journal and New York Post in the US, the Sun and the Times in the UK, and the Australian. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2023-02-09 22:30:39 UTC ]
News tagged with: #marketing spend #york post #major publishing #news corp

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BEA 2014: Browsing the Booths, Chapter 1

Booksellers on the lookout for recent and forthcoming offerings from children’s publishers will catch an eyeful as they roam the aisles. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-29 00:00:00 UTC ]
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Job Moves: May 29, 2014

Riverdale Avenue Books has named Joseph Pittman editorial director of Dagger, Riverdale’s new mystery and thriller imprint. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-29 00:00:00 UTC ]
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Job Moves: May 28, 2014

Chris Grimm will join Kensington as director of sales, effective June 16. He was most recently v-p of sales at Globe Pequot. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-28 00:00:00 UTC ]
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Short Takes: Religion Publishing News Briefs, May 28, 2014

Image celebrates 60 years; Gary Chapman endows chair at Moody; Cambridge Bibles back to Cambridge; awards and honors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-27 00:00:00 UTC ]
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Job Moves: May 27, 2014

Shana Drehs has been promoted to editorial director Sourcebooks Landmark and Gift. She was previously editorial manager for both divisions. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-27 00:00:00 UTC ]
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News Briefs: Week of May 26, 2014

Amazon ramps up war against Hachette and more in this week's publishing news briefs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-23 00:00:00 UTC ]
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Job Moves: May 23, 2014

Andy Sareyan and Kimberly Till have been named to the board of directors at Taunton, Inc. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-23 00:00:00 UTC ]
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Job Moves: May 22, 2014

At Worthy Publishing, Morgan Canclini has been promoted to director of public relations and author relations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-22 00:00:00 UTC ]
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Job Moves: May 21, 2014

Phil Budnick has been named director of field and wholesaler sales for Penguin’s adult hardcover division, effective June 16. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-21 00:00:00 UTC ]
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Job Moves: May 20, 2014

Jill Freshney has been promoted to the newly-created position of senior executive managing editor, Macmillan Children’s Publishing Group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-20 00:00:00 UTC ]
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Short Takes: Religion Publishing News Briefs, May 14, 2014

IPPY award-winners announced, a new kids' imprint at Barbour, a website for all things Amish, the popes in pictures and much more. Continue reading at Publishers Weekly

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Job Moves: May 14, 2014

At S&S Children’s, Christina Solazzo has been promoted to senior production editor for the Simon Spotlight and Little Simon imprints. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-14 00:00:00 UTC ]
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First Quarter Sales Slipped at Lagardere

First quarter sales at Lagardère Publishing fell 6.2%, to 393 million euros compared to the first period ended March 31, 2013. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-13 00:00:00 UTC ]
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Job Moves: May 13, 2014

Rachel Hendrick has been named operations manager of "Choice," effective immediately. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-13 00:00:00 UTC ]
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Job Moves: May 12, 2014

Following the death of agent Deborah Rogers on April 30, Rogers Coleridge & White has appointed Gill Coleridge as chair to succeed Rogers. Continue reading at Publishers Weekly

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[ Publishers Weekly | 2014-05-09 00:00:00 UTC ]
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Job Moves: May 8, 2014

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[ Publishers Weekly | 2014-05-08 00:00:00 UTC ]
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Sales in Houghton Mifflin Harcourt’s trade publishing division fell 20% in the first quarter of 2014 compared to the first period of 2013. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-08 00:00:00 UTC ]
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Job Moves: May 7, 2014

Jacob Dalborg is succeeding Hartmut Jedicke as board chair for Bonnier in Germany and U.K. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-07 00:00:00 UTC ]
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[ Publishers Weekly | 2014-05-07 00:00:00 UTC ]
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