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

Other Publishing stories related to: 'News Corp to cut 1,250 jobs after missing second-quarter estimates'


Job Moves: April 29, 2014

At Chronicle Books, Sarah Golski has been promoted to managing editor of the lifestyle group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #chronicle books #managing editor #lifestyle group


Amazon Net Income Up in Quarter

Net income at Amazon rose nearly 32% in the first quarter of 2014, to $108 million, compared to the same period in 2013 and revenue increased 23%, to $19.74 billion. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #net income #amazon rose


Short Takes: Religion Publishing News Briefs, April 23, 2014

Response to "God and the Gay Christian" kicks off new Southern Baptist imprint; awards and honors; Logos offers Episcopal Church titles. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #short takes


Frequent library visits equates to £1,359 pay rise

Going to the library frequently is the same as getting a pay rise of £1,359 a year,... Continue reading at The Bookseller

[ The Bookseller | 2014-04-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pay rise


It is Written: News in Bibles and Sacred Texts, April 21, 2014

Two familiar Bible stories get do-overs in newly illustrated children's picture books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sacred texts #picture books


Fox Chapel Buys 1,400 New Holland Titles

Fox Chapel Publishing has bought rights to 1,400 books from New Holland Publishers U.K. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bought rights #holland publishers


Robb Report Launches Health & Wellness Quarterly

Robb Report, the luxury lifestyle brand serving ultra-affluent connoisseurs with a slew of publications and digital portals, is launching a new magazine this spring focused on health and wellness. Continue reading at Folio Magazine

[ Folio Magazine | 2014-04-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #robb report


News Briefs: Week of April 21, 2014

Riggio sells chunk of B&N shares and more in this week's publishing news briefs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bn shares


Third quarter revenue drop for Haynes

A small frontlist and weak sales for its automotive manuals led to a revenue shortfall of 27% for... Continue reading at The Bookseller

[ The Bookseller | 2014-04-17 00:00:00 UTC ]
More news stories like this |


Job Moves: April 16, 2014

David Goldberg, formerly of Norton, has joined David R. Godine Publishing as the director of sales and marketing. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-16 00:00:00 UTC ]
More news stories like this |


Shadow culture minister condemns Lincolnshire library cuts

The shadow culture minister has condemned library cuts in Lincolnshire, branding the plans as... Continue reading at The Bookseller

[ The Bookseller | 2014-04-15 00:00:00 UTC ]
More news stories like this |


Job Moves: April 15, 2014

Jodi Rosoff has joined Grand Central Publishing as publicity and marketing director, Forever & Forever Yours. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #marketing director


Job Moves: April 11, 2014

Tina McIntyre has been promoted to the newly created role of executive director, strategic planning and digital publisher for Little, Brown Books for Young Readers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #strategic planning #digital publisher #brown books #young readers


Job Moves: April 9, 2014

Jennifer Keltner will join Martingale as publisher and chief visionary officer, effective April 16. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-09 00:00:00 UTC ]
More news stories like this |


It is Written: News in Bibles and Sacred Texts, April 9, 2014

B&H's newest Spanish-language study Bible includes 15,000 study notes; a 3D Bible for kids. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sacred texts


PW London Book Fair Show Daily: Day 1, April 8, 2014

Read the complete Day 1 coverage from the 2014 London Book Fair in this Scribd reader. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-07 00:00:00 UTC ]
More news stories like this | News stories tagged with: #scribd reader


News Briefs: Week of April 7, 2014

Buck out, Anastas in as publisher of Aladdin, Simon Pulse and more in this week's publishing news briefs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-04 00:00:00 UTC ]
More news stories like this |


Job Moves: April 3, 2014

At Hachette India, Poulomi Chatterjee has been appointed editorial director to replace Nandita Aggarwal, who is leaving to pursue personal projects. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #hachette india


Job Moves: April 2, 2014

Grace Kendall is joining Farrar, Straus and Giroux Books for Young Readers on April 7 as an editor. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #giroux books #young readers


Book Sales Rose 1% in 2013

Total book sales rose 1.0% in 2013 over 2012, to $15.05 billion, at the 1,211 publishers that report results to the Association of American Publishers’ StatShot program. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-04-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #american publishers #report results