News Corp. warns on profits as tabloid ad revenues start to decline
Posted
by
Peter Kirwan
on 6 November 2008
at 12:46
Tags: Journalism
Profit warnings are becoming the rule rather than the exception. Further rounds of cost cutting are being lined up. This is where things start to get tough.
Welcome to Act II of the recession.
Yesterday brought another significant revision in forecasts — this time from News Corp.
Until yesterday, the company had been forecasting 4%-6% growth in operating [...]
Tags: Journalism
