Rupert Murdoch's News Corp is cutting 1,250 jobs | CNN Business

The company also said it incurred $6 million in one-time costs associated with its plans to merge with Fox Corp, which Rupert Murdoch, News Corp executive chairman and Fox co-chairman, scrapped in January. A slump in advertising spending by businesses hit by rising inflation and higher interest rates has dented one of the major sources of revenue for companies such as News Corp\n \n , which publishes the Wall Street Journal.

The company said that in the third quarter it expects to see one-time costs related to the withdrawn Fox-News Corp proposal and its previously announced exploration of a sale of Move Inc, which operates the Realtor.com website, to CoStar Group. The Dow Jones division, which includes the WSJ, reported an 11% rise in revenues to $563 million in the quarter, with strong growth in its professional information business.

Might it be too much to hope that 'flakey fox'is included in the cuts.?

The Social American 🇺🇲 Way 'HSF': Hire, Suck, Fire😳

They will have ChatGPT do the writing!

Maybe they should cut some executive bonuses. Aren't these companies failing because of poor leadership?

Every big corporation is cutting jobs. It's Obama 2.0 economy.

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Dow ends down 250 points Thursday as stocks surrender gainsU.S. stocks closed lower on Thursday, booking back-to-back losses as investors monitored the toll of higher interest rates on corporate earnings and on consumer spending. The Dow fell about 249 points, or 0.7%, ending near 33,699.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Fox Eyes M&A After Merger With News Corp. Scrapped: “Scale Is Important” – Lachlan MurdochFox will be actively pursuing M&A opportunities now that it won’t be merging with News Corp. Outside shareholders of both of the Murdoch family holdings had protested after patriarch Rupe… How about you attempt to get the former Fox assets Disney bought! How about you attempt to get the former Fox assets Disney bought! (At least the core film and TV production assets like 20th Century Studios.)
Fuente: DEADLINE - 🏆 109. / 63 Leer más »