Plus Pages

Wednesday, May 29, 2013

“Relentess” Cuts Coming To News Corp Papers

Robert Thomson, chief executive of the new News Corp, said there will be "relentless" cost cuts in store for the newspaper business as it prepares to separate from Rupert Murdoch's entertainment empire.

The new News Corp, as it will be known on June 28, will be "relentless" in cost cutting, said Thomson, who remained bullish about the business, according to a Reuters story.

"Let me be clear, print is still a particularly powerful platform," Thomson said.

The new News Corp will include The Wall Street Journal and The Times in London, Australian pay-TV services, book publisher HarperCollins and fledgling education division Amplify.

The Fox network, the movie studio and a set of lucrative cable properties will become a separately traded company called 21st Century Fox.

No comments:

Post a Comment