News Corp to slash hundreds of jobs as earnings crash

Rupert Murdoch’s News Corporation has vowed to slash jobs after a sharp drop in second-quarter earnings. The media conglomerate reported on Friday a 64 per cent decline in income in the quarter ending December 31, down to $US94 million ($A135 mil…

Rupert Murdoch’s News Corporation has vowed to slash jobs after a sharp drop in second-quarter earnings. The media conglomerate reported on Friday a 64 per cent decline in income in the quarter ending December 31, down to $US94 million ($A135 million) from $US262 million ($A376 million) the year prior. In response, News Corp announced a […]

This post was originally published on Michael West.


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