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 ]

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With the Help of Washington, News Publishers Fight to Recapture Advertising Dollars From Facebook and Google

Rupert Murdoch, the executive chairman of News Corp and co-chairman of Fox Corp., who built his fortune in the newspaper Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-10-01 07:00:50 UTC ]
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News Corp Answers Big Tech by Exploring its Own News Distribution Site

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[ Editor & Publisher | 2019-09-12 18:30:12 UTC ]
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Democracy overboard: Rupert Murdoch's long war on Australian politics | Kevin Rudd

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[ The Guardian | 2019-09-06 20:00:48 UTC ]
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'Well done': home affairs chief Mike Pezzullo praised police for raiding journalist's home

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[ The Guardian | 2019-08-29 04:27:34 UTC ]
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Geoffrey Rush loses bid to prevent News Corp from repeating allegations

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[ The Guardian | 2019-08-28 07:48:07 UTC ]
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Jay Inslee’s out, but let’s keep climate in

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[ Columbia Journalism Review | 2019-08-23 12:09:26 UTC ]
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News Corp flashes teeth at Google with news-aggregation service

News Corp said it would not take a cut of ad revenue generated by articles from Knewz.com. Continue reading at Media Week

[ Media Week | 2019-08-23 08:34:39 UTC ]
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What Role Does Philanthropy Play in Reporting News?

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[ Editor & Publisher | 2019-08-21 14:55:30 UTC ]
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Changing the journalistic climate: what role does philanthropy play in reporting news?

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[ The Guardian | 2019-08-21 04:31:05 UTC ]
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[ The Guardian | 2019-08-16 01:49:59 UTC ]
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AFP won't rule out charging News Corp journalist Annika Smethurst after raid

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[ The Guardian | 2019-08-14 00:57:26 UTC ]
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[ The Guardian | 2019-08-09 07:01:12 UTC ]
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News Corp Australia revenues fall as advertising drops and subscriptions stay flat

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[ The Guardian | 2019-08-09 01:33:05 UTC ]
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Greta Thunberg hits back at Andrew Bolt for 'deeply disturbing' column

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AFP say safeguards on warrants for media raids would undermine investigations

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[ The Guardian | 2019-07-31 07:30:13 UTC ]
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[ Publishers Weekly | 2019-06-28 04:00:00 UTC ]
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News Corp tabloid the Herald Sun offers journalists cash bonuses for clicks

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[ The Guardian | 2019-06-24 06:04:56 UTC ]
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