News Corp. profit declines 30%

[seemslikeadream]

http://www.marketwatch.com/news/story/news-corp-profit-declines-30/story.aspx?guid=%7BFC69CBBE-3720-4B2D-82A6-E17A89B7719A%7D&dist=msr_1

By David B. Wilkerson, MarketWatch
Last update: 6:33 p.m. EST Nov. 5, 2008Comments: 3CHICAGO (MarketWatch) -- News Corp. said Wednesday that its fiscal first-quarter profit fell 30% on losses related to its investment in a German pay-TV operator and comparisons with year-earlier results that included contributions from DirecTV and Gemstar-TV Guide, which have since been divested.
Due to the economic crisis and its impact on TV- and newspaper-advertising sales, News Corp. Chief Financial Officer Dave DeVoe told analysts that the company now expects fiscal 2009 operating income to drop by a percentage in the low to middle teens from $5.13 billion in fiscal 2008.

[tridim]

1. Lots of excuses there, but they left out Faux's plummeting market share.

[ColbertWatcher]

2. LOL! The beginning of the end! n/t

[JJ]

3. Good time for a hostile takeover

Or just busting them up under Anti-Trust and RICO statutes.

[Canuckistanian]

4. Oh no! They produce The Simpsons

Oh, and they also own a failing network, the name of which escapes me at the moment.