Thursday, August 6, 2009

news corp in woe

Mother and father with young daughter at a shopping mall photo

Rupert Murdoch company News Corp swings to a loss. People are not shopping as much as before. Sales are way down, so stores advertise less on newspapers.

This hit Rupert Murdoch like a freight train. He vows to start changing now for internet news. The company will soon circle the drain.

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