Articles tagged: Business

News Corp is losing money because no news is bad news

August 8, 2009

Last week, News Corp, owners of the Wall St Journal, New York Post, (London) Times, Sunday Times, The Sun, News of the World, the Australian, BSkyB Television, Fox, Star TV Asia and others reported a 10.7% decline in revenue to $7.67 billion (almost $800 million) and quarterly net losses of $203 million. Bad as it sounds, it is a big improvement on the previous quarter’s losses of $6.4 billion (Thus passim) which were inflated by a huge writedown on the Wall Street journal. The ‘extraordinary item’ this time is kids’... More

Next week, all UK mobile numbers will be fair game for spammers, scammers and buggers – not a lot of people know that

July 10, 2009

. . .and that’s the problem. The Directory of Mobile Phone numbers goes live next week. All numbers, including those belonging to children, will be potentially open to cold calling and the general abuse that unscrupulous telesales people subject us to. Unless you particularly wish to be cold called, deluged with text offers and – if you’re a celebrity – bugged by News Corp, I suggest that you take urgent steps to opt out. You can, in theory, do so here: When on the site, click “Home” then “Ex-directory” this... More

Kicking National Express was a good call from Labour

July 5, 2009

First, let me apologise for foolishly assuming that National Express, the (privatised) UK bus company, chaired until last week by well-connected Richard Bowker, was clever enough to engineer a de facto merger with Virgin Trains/Stagecoach (Thus passim) and thus recreate a large part of the old subsidised British Rail monopoly under the guise of privatisation. I also apologise for stating the National Express was profitable: it was, until it grossly overbid for the UK’s East Coast Railway franchise. With decent rolling stock a clear run from London to Edinburgh and... More