News Corp Q4 revenue falls 11 percent ยป financialsurfer.com

News Corp Q4 revenue falls 11 percent

August 5th, 2009 | Category: Industry News
By Robert MacMillan NEW YORK (Reuters) - Rupert Murdoch’s News Corp reported an 11 percent drop in quarterly revenue on falling advertising sales at its local TV stations and newspapers, but said it expects modest improvement in coming months. Murdoch said on Wednesday the worst may be over for the global media conglomerate, which has struggled along with its peers as companies cut back their advertising budgets due to the recession. News Corp posted a net loss of …

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