Comments on: News Corp. Misses Estimates, Huge Write-Off, Lowering Guidance: Murdoch Says It's Worse Than He Thought

By: MySpace’s Google Gravy Train Set To Stop Next Year | Peter Kafka | MediaMemo | AllThingsD

Tue, 17 Feb 2009 15:45:35 +0000

[...] Wall Street has long ago stopped factoring in Google dollars from MySpace’s results (the unit posted flat revenues last quarter, which isn’t bad considering the rest of the online ad market). And Microsoft will certainly [...]

By: MySpace’s Google’s Gravy Train Set To Stop | Peter Kafka | MediaMemo | AllThingsD

Tue, 17 Feb 2009 15:41:44 +0000

By: News Corp Loses $6.4 Billion MySpace Revenue Flat « What Ever Test Site

News Corp Loses $6.4 Billion MySpace Revenue Flat « What Ever Test Site — Tue, 10 Feb 2009 23:14:48 +0000

[...] 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 [...]

By: News Corp Bleeding Revenue Going Into 2009 : virtual gambling

News Corp Bleeding Revenue Going Into 2009 : virtual gambling — Sun, 08 Feb 2009 05:30:48 +0000

[...] 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 .4 billion of [...]

By: Weekend Update, 02.07.09 | Beth Callaghan | Digital Daily | AllThingsD

Sun, 08 Feb 2009 00:32:33 +0000

[...] an $8.4 billion write-off and lowered its guidance. Rupert Murdoch admitted the downturn is worse than he thought. He also admitted that he spent $2.8 billion too much for Dow Jones. (NewsCorp. is the owner of Dow [...]

By: Mark Omega

Mark Omega — Fri, 06 Feb 2009 19:05:48 +0000

Well, if you have to take a one-time write-down, this is the time to take it. Shareholders will excuse you because the whole economic climate in general is not so good. Better now, rather than later. By this time next year, it’s going to seem like the roaring twenties. :)

By: News Corp: We Spent $2.8 Billion Too Much On Dow Jones | Peter Kafka | MediaMemo | AllThingsD

Fri, 06 Feb 2009 17:40:39 +0000

[...] little more detail, via a SEC filing, on the $8.4 billion writedown that News Corp. (NWSA) announced yesterday: $2.8 billion of that charge of that is getting assigned to the company’s purchase of Dow [...]

By: WSJ Lays Off 14; Dow Jones Newswire Untouched | Peter Kafka | MediaMemo | AllThingsD

Thu, 05 Feb 2009 23:11:34 +0000

[...] are some of those cost-cutting measures Rupert Murdoch was talking about during today’s News Corp. (NWSA) earnings call: The Wall Street Journal is laying off 14 [...]