As Murdoch said, his company had expected worsening of the situation in the market but they did not suppose the recession to turn out to be so hard. “In order to stay on ice, we will have to decrease expenses and dismiss personnel where it is possible”, the media tycoon added.
As The Guardian notes, the only branch getting a little increased income are the magazines published by the company, including popular American edition The Weekly Standard. Business newspaper The Wall Street Journal, cinema studio the 20th Century Fox, the satellite Sky TV Company as well as social net MySpace is the main asserts of the News Corp.
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