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Friday, February 06, 2009

News Corp Loses $6.4 Billion MySpace Revenue Flat

"Newspapers and traditional media are bleeding profits and jobs. It’s one of the hardest hit sectors, so it’s not as if they couldn’t see this coming. But News Corp’s CEO Rupert Murdoch says it’s even worse than he thought. The company just announced they are writing off $8.4 billion of losses."

Marketing Pilgrim:
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