InfoAnda - News. Corp cuts jobs after huge quarterly loss

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

UK, Pakistan pledge unity in 'anti-terror' fight | 6 August 2010
UK exhibition stresses Shakespeare's relevance today | | 18 July 2012
Iran arrests 13 terrorist group members: report | | 14 June 2010

Major military operation under way in Afghanistan | 2 July 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : News. Corp cuts jobs after huge quarterly loss

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: News. Corp cuts jobs after huge quarterly loss AFP - Friday, February 6 NEW YORK (AFP) - - News Corp. reported a huge quarterly loss on Thursday and chairman Rupert Murdoch, citing a "grim economic climate," began cutting jobs at his sprawling media empire. ADVERTISEMENT News Corp. reported a 6.41 billion dollar loss in the second quarter of its fiscal year compared with an 832 million dollar net profit in the corresponding quarter a year ago. News Corp.'s results for the quarter were impacted by 8.4 billion dollars in one-time charges, including a writedown in the value of Dow Jones, owner of The Wall Street Journal, and US broadcast licenses. "Our results for the quarter are a direct reflection of the grim economic climate," Murdoch said in a statement. "While we anticipated a weakening, the downturn is more severe and likely longer lasting than previously thought," the News Corp. chairman and chief executive said. "As a result, we have been taking actions to preserve a solid level of operational profitability and a strong balance sheet without sacrificing future growth," he said. "We are implementing rigorous cost-cutting across all operations and reducing head count where appropriate," Murdoch added. "We believe our businesses are well positioned to withstand a lengthy downturn and to emerge stronger as the current economic situation improves." News Corp. reported adjusted operating income of 818 million dollars, a drop of 42 percent from the same quarter a year ago, and earnings per share of 12 cents, well below analysts' expectations of 19 cents. Revenue dipped 8.4 percent in the quarter which ended on December 31 to 7.87 billion dollars. In a conference call with analysts and reporters, News Corp. executives said they expected a 30 percent drop in operating income for the full fiscal year. Wall Street Journal publisher Robert Thomson told employees of the newspaper purchased by Murdoch two years ago that 14 jobs were being cut in addition to 11 positions lost recently through attrition, "A precipitous decline in print advertising revenue has forced a close examination of our structures and of our costs," Thomson said in an email obtained by AFP. Thomson said the job cuts would affect reporters in Boston, Los Angeles and New York. He said there were no plans for layoffs at Dow Jones Newswires. News Corp. also said that an unspecified number of positions were being cut at the Fox television network. Besides Dow Jones, the Wall Street Journal and Fox, News Corp. owns the 20th Century Fox movie studio, the STAR and SKY television networks, social network MySpace, book publisher HarperCollins and newspapers in Australia, Britain and the United States. News Corp. is the second media giant to report huge losses this week. Time Warner said Wednesday it lost 16.03 billion dollars in the final three months of 2008 after taking a writedown of 25 billion dollars to reflect the declining value of Internet arm AOL and cable and publishing operations. In after-hours electronic trading after the release of its results, News Corp.'s share price lost 3.46 percent to 6.70 dollars. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Technology NEC to withdraw from PC business in Europe: NikkeiReuters - Friday, February 6 Playing violent video games has risks: studyReuters - Friday, February 6 News. Corp cuts jobs after huge quarterly lossAFP - Friday, February 6 Young Finns demonstrate against law on data retentionAFP - Friday, February 6 Japan's Softbank reports sharp fall in profitsAFP - Friday, February 6 Enlarge Photo News Corp. CEO Rupert Murdoch, pictured in 2008. News Corp. announced plans to carry out job cuts on Thursday after reporting a 6.41 billion dollar loss in the second quarter of its fiscal year. Most Popular – Technology Viewed Bus-sized boa slithers into record books US economy bleeds private jobs, payrolls slashed: reports 'Horrifying' year for SAS ends with losses, layoffs Madoff fraud hit up to 3 mln victims: law firm Deutsche Bank posts first loss since WWII, rejects state aid View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Friday, 6 February 2009
British minister defends Guantanamo case secrecy | International |
U.N. Bhutto inquiry to have limited mandate | International |
Cuba urged at U.N. to release political prisoners | International |
Nazi-hunters cast doubt over Heim death reports | International |
Canada top court will not hear U.S. refugee case | International |
Colombian rebels free hostage lawmaker: Red Cross | International |
Netflix says 1 million Xbox members use movie service | Technology |
Einstein, in robot form, smiles when you do | Technology |
U.S. networks to keep TV in analog amid DTV delay | Technology |
Watchdog Says Treasury Overpaid For Bank Stocks
Continental Sued Over Flight 1404 Crash In Denver
Vermont Racks Up $14M Revenue Deficit For January As Economy Continues To Weaken
Minnesota Supreme Court Hears Al Franken's Petition To Be Seated In Senate
Delayed MBTA Trains Turn Off Commuters
Repairs Needed To Aging Savage River Dam To Provide Flood Control, Protect D.C. Area Water Supplies
Republicans Resume Efforts To Remove Rangel As Chair Of Tax-Writing Committee
California Counties Threaten To Withhold Money From State
Unemployment Up In 98 Percent Of Metro Areas
Century Aluminum Closing Ravenswood, W.VA Plant, Laying Off 651
Judge denies bid to halt actors, studio labor talks | Entertainment |
Reckless bank is villain at Berlin film festival | Entertainment |
Just a Minute With: music producer Danger Mouse | Entertainment |
Jolie urges Thailand to welcome Muslim refugees | Entertainment |
Netflix says 1 million Xbox members use movie service | Entertainment |
Isabelle Adjani sheds glamour for classroom drama | Entertainment |
Ontario Considers Betting Ban Among Lottery Retailers, Family
Council Of Europe Asks Czech Republic To Stop Surgical Castration Of Convicted Sex Offenders
Somali Pirates Release Ukrainian Vessel After Ransom Payment
Iraq's Maliki beats religious parties in vote | International |
Israel: Militants launch rocket, violating truce
Kyrgyzstan says U.S. air base decision is final | International |
Polls show gap narrowing between Netanyahu, Livni
Gaza rocket lands in Israel, no casualties | International |
Hamas official stopped with Gaza millions
Ex-Girlfriend's $50 Million Lawsuit Against Rapper 50 Cent Dismissed
French 'rogue trader' blames bosses
North Korea eyes disputed sea border for missiles: reports | International |
Allies of Iraqi PM triumph in elections
England's cricketers Flintoff, Pietersen join IPL at record prices
Hundreds more flee as Sri Lanka war races to end | International |
US environmentalists hail halt of land lease for gas drilling
Iraq PM's list ahead in Shiite provinces
Judge drops charges in USS Cole bombing case | International |
Red boosts attention, blue creativity
Russia to start Iran nuclear plant by year end
Supreme Court Justice Ginsburg has cancer surgery
U.S. needs clear mission in Afghanistan: Obama | International |
Swiss Re turns to Warren Buffett, shares plummet
Colombia's FARC rebels free hostage lawmaker | International |
ECB keeps key interest rate at 2.0 pct, door open for March cut
Spain issues Cuba's first grandchildren passport | International |
Swiss Re turns to Warren Buffett for help
Weekly US jobless claims hit new 26-year high
Fires follow floods as wild weather hits Australia
Council moves to bar commercial fishing in Arctic
Obama says U.S. needs clear mission in Afghanistan
Chinese envoy urges US help on climate change
Obama rejects 'petty politics' of stimulus foes
Clinton to discuss markets turmoil on Asia trip
U.S. Senate to resume stimulus debate on Friday
Playing violent video games has risks: study | Technology |
Charges Against USS Cole Bombing Suspect Dropped, Gitmo Trials End
US to give $16 million in drug aid to Guatemala
Einstein robot smiles when you do | Technology |
Bill Gates Dares Conference Audience To Join Anti-Malaria Drive By Unleashing Mosquitoes
US military deaths in Iraq war at 4,237
Study: Breathing Disorders Hound Ground Zero Responders
NEC to withdraw from PC business in Europe: Nikkei | Technology |
US Senate slogs towards stimulus vote
Iowa TV Stations Switching To Digital Broadcast On Feb. 17
NEC to withdraw from PC business in Europe: Nikkei
Congressman aids American in Brazil custody fight
Oil remains near $40 on mixed news
Doctors Remove Small Tumor In U.S. Supreme Court Justice's Pancreas
Playing violent video games has risks: study
Sun-Times Media Group CEO Resigns Amid Slumping Revenue
French foreign minister urges Gaza border open
News. Corp cuts jobs after huge quarterly loss
New Claims For Unemployment Benefits Rise More Than Expected
Wall Street Rallies On Stimulus Hope, Bank Bailout Plan
CIA nominee vows no renditions for torture
Oil hovers above $40 with stimulus package pending
Young Finns demonstrate against law on data retention
Japan's Softbank reports sharp fall in profits
Japan police to bring libel charges over blog posts
Lenovo returns to Chinese management after 3Q loss
Apple co-founder Wozniak joins computer start-up
Young Finns demonstrate against law on data retention
Netflix says 1 million Xbox members use movie service
Some Oscar races still too close to call | Entertainment |
Music industry singing the blues at Grammys | Entertainment |
Jennifer Aniston vs. Steve Martin at box office | Entertainment |
China police take away citizens airing grievances
Murdoch warns full downturn yet to hit Australia
China's rural teachers join rumble of unrest
Stars sign on for Sex and the City sequel | Entertainment |
Swarm Of Mosquitoes From Bill Gates Greet TED 2009 Crowd
FedEx closes hub in Philippines
Eastern Iowa TV Stations To Broadcast In Digital, Switch Off Analog Signal On Feb. 17
Ferrell sends off President Bush with send-up | Entertainment |
HK sanctuary closed after bird dies of avian flu
Miley Cyrus goofy face photo taken out of context | Entertainment |
Sri Lanka smash more Tiger bases
Judge denies bid to halt Hollywood contract talks | Entertainment |
Pakistan blast toll at Shiite mosque rises to 33
Judge rejects legal bid in Hollywood actors feud
Just a Minute With: music producer Danger Mouse | Entertainment |
China pledges more assistance to Africa
Hollywood bank thriller opens Berlin fest
China's Hu to talk energy on visit to Saudi Arabia
Grammy-nominated Mali musician gets Obama boost | Entertainment |
More rain forecast for Australia's wet north
Grammy's top prize brings sales windfall | Entertainment |
Toyota sinks into quarterly loss
Atheists welcome in Obama's big church
Japan's Elpida says best to have four-way partnership
Composer Rahman has no regrets about 'Slumdog'
Seoul shares end higher led by steel, techs
Bon Jovi returns to New Orleans for 2009 Jazz Fest
South Korea needs extra budget -fin min designate
US-ENTERTAINMENT Summary
Moody's lowers rating on Toyota
Ferrell sends off President Bush with send-up
Court gives ailing SKorea carmaker room to manoeuvre
Review: Martin's `Panther 2' a declawed comedy
SKorean court accepts Ssangyong Motor application
Aniston, Bateman to star in "Baster"
S.Korea FX funding conditions difficult -regulator
Australia and Indonesia building bridges through sport
Will Ferrell relives 8 years of George W. Bush
Japan Airlines posts loss for fiscal third quarter
Jennifer Aniston vs. Steve Martin at box office
CHRONOLOGY-South Korea tackles financial, economic crisis
Zellweger parades around as Hasty Pudding honoree
Bill Gates Pulls Stunt At Conference, Releases Mosquitoes
Ontario Court Rules Business Decline A Factor In Determining Divorce Payments
UN chief, Maliki discuss lifting Iraq sanctions
German output sheds 4.6% in December: ministry
Office Of Anna Nicole Smith's Doctor Raided By DEA
Visiting UN chief praises Iraqi progress
Far-right rise crimps Netanyahu before Israel vote | International |
Coldplay Won't Be Served With Copyright Lawsuit At The Grammys
Toyota warns of 4.9 bln dollar annual loss
Election could help eject al Qaeda from Iraq
Disappointed Russian Spectator Files Lawsuit Against Kylie Minouge's Show Organizers
EU Commission in Russia to mend frayed ties
Russia and allies to create joint air defence: report | International |
Somali pirates agree to free Egyptian ship
Disappointed Russian Spectator Files Lawsuit Against Kylie Minouge's Show Organizers
U.N. chief, in Iraq, hails peaceful local vote | International |
Afghans dispute men killed in U.S. raid were Taliban | International |
Olympian Michael Phelps Suspended By USA Swimming, Dropped By Kellogg's
Paris Hilton's Brother, Barron, Sued For Hitting A Gas Attendant Last Year
Pakistani forces kill 52 militants | International |
Study: Climate change may reshuffle western weeds
Jurists urge U.S. to drop Guantanamo case secrecy | International |
Report: US, China must cooperate on climate change
U.N. says 30,000 displaced by South Darfur fighting | International |
Fires to follow floods as wild weather hits Australia
Kyrgyzstan not in talks with US on airbase: top official
Analysis: Moscow uses base as tool in negotiation
US withdraws charges against USS Cole suspect
Sharp Q3 in red, sees first ever annual loss | Technology |
Analysis: Few details on US North Korea policy
Senate Vote On $1 Trillion Stimulus Expected Friday
Federal Judge Rules Manufacturers, Retailers Can't Sell Children's Items With Phthalates
As More States Exhaust Money In Jobless Funds, Fewer Employers Hiring; Job Openings At Lowest Rate On Record
Panel Vote On Labor Secretary-Designee Hilda Solis Postponed After Tax Issues Surface
Female Workers May Exceed Males In The U.S. Due To Recession
Russia faces 'systemic threat' from extremism: Medvedev
President To Announce Special Economic Recovery Panel Friday
Army Alarmed Over High January Suicide Rate
Recordings Of 'Miraculous' Hudson Plane Crash Released
Feb 5 Highlights Of Low Points In The U.S. Economy
Pakistan army 'kills 52 militants' in Khyber
Some Oscar races still too close to call | Entertainment |
Red Cross staff's kidnappers demand troop pullout
Danish film tackles Iraq war, economic migrants | Entertainment |
Afghans dispute 6 killed in US raid were militants
Pakistan court declares nuclear scientist free man
Slapstick reigns, laughs few in Pink Panther 2 | Entertainment |
Pakistan court says nuke scientist is free citizen
Protesters', whalers' ships collide in Antarctic
Pakistani stocks up over 1 pct; rupee flat
Pakistani court declares nuclear scientist free
India's Satyam shares up as new CEO named
Philippines may resend workers to Iraq, Nigeria
Study: Regular Exercise Can Reduce Breast Cancer Risk, Especially In Older Women
Toyota warns of big annual loss
Report: US, China must cooperate on climate change
Danish film tackles Iraq war, economic migrants
SKorea to introduce stimulus budget: incoming finance chief
Black Eyed Peas launch Grammy weekend with benefit
European mavericks vie at Berlin film fest
Mitsubishi UFJ posts nine-month loss
Japan's Sharp expects first loss, cuts jobs
Judge rejects move to reinstate SAG leader
Dogs gather for US canine crown contest
China shares rise, ending week 10 percent higher
Val Kilmer ponders run for N.M. governor in 2010
China to begin work on Shanghai-Hangzhou rail link
Slapstick reigns, laughs few in "Pink Panther 2"
Mitsubishi UFJ reports net loss for 9 months
Ski racers a country mile removed from tourists
Toyota sees first annual net loss since 1950
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01