Ad plunge at newspapers prompts Murdoch online rethink
Tristan O'Carroll, 06 May 2009, 10:00pm
LONDON - News Corp's group-wide profits took a hit in the first quarter of 2009, with sharp falls at its newspaper and digital operations, led by a 21% decline in ad revenues at its UK newspapers, with pre-tax profits plunging 47% to $755m.
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