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.
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