Articles tagged: james murdoch

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

It’s not over until the fat man sings – and he’s just cleared his throat

June 7, 2009

Last Sunday BBC political commentator Andrew Marr asked Gordon Brown whether he would consider stepping down as PM if it were the majority view of the Labour Party that it would be in its interests for him to do so. Characteristically, Brown replied “No.” He had a job to do, cleaning up Parliament and saving the economy. Today, his options are somewhat more limited. Twice-disgraced and tainted by the expenses scandal, ‘Lord’ Mandelson is Deputy Prime Minister in all but title. His job is to save what’s left of the... More