Fishbowl

News Corp. Totally in Trouble

Headshot of Noah Davis
By Noah Davis

Rupert Murdoch’s News Corporation revised earning projections for the year and the numbers aren’t pretty. The global media conglomerate now predicts that its operating profit will fall 15 percent over last year despite saying the number would increase four to six percent earlier in the year.

In large part, the company blamed lowered television revenues on the decline, although the slumping world economy isn’t making matters any easier.

So what does this all mean?


Well, for one, the company’s stock plunged

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Headshot of Noah Davis

Noah Davis

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