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The company said that in the third quarter it expects to see one-time costs related to the withdrawn Fox-News Corp proposal and its previously announced exploration of a sale of Move Inc, which operates the Realtor.com website, to CoStar Group.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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