Posts tagged as:

murdoch

Fox Interactive Loses $38M In Q2 Says NewsCorp

by Jason Wilk on February 5, 2009

  • In a depressing earnings call today with the NewsCorp team, Rupert Murdoch outlined the $6.4 billion loss. Murdoch said “the downturn is more severe and likely longer lasting than previously thought.” and “We are implementing rigorous cost-cutting across all operations and reducing head count where appropriate.”
  • MySpace earnings fall underneath the Fox Interactive Media section, which also includes products like PhotoBucket. MySpace is thought to bring in the majority of the revenues coming in from FIM. Here is what they had to say on the issue: “Fox Interactive revenues: $226 million revenues. Down due to reduced subs at IGN. Search and advertising were simliar to a year ago. Costs were MySpace Music and international expansion”. The entire division lost $38million.
  • I guess Murdoch and Sam Zell (purchased Tribune) were wrong to assume paper media is going to stay strong through the next 5 years. Cuts have already been made across the board, and there is no end in sight to how bad it will get.

Other must read NewsCorp/MySpace Articles:

LEAK: MySpace’s Recession Plan Is To Outsource

Michael Wolff: MySpace Users Are Doomed, Poor

MySpace MyAds Producing 160K A Day

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Michael Wolff: MySpace Users Are Doomed, Poor

by John Jorgensen on December 2, 2008

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  • Michael Wolff, author of The Man Who Owns the News: Inside the Secret World of Rupert Murdoch, released this morning, sat down with BusinessWeek’s Jon FIne and provided a not so glamorous take on MySpace.
  • On MySpace’s $25 billion+ valuation: “It doesn’t make any difference. That’s gonna go down. What they are looking at is the distinct possibility that it can go down to nothing.”
  • On MySpace users being tied to the site’s community: “That’s exactly what they said about AOL. Your email was there, because your friends were there. I mean, AOL operated actually as the community of its day… What they saw at the time was that [users] were absolutely wedded to AOL. That was Time Warner’s bet on that.”
  • On MySpace users: “If you’re on MySpace now, you’re a [expletive] cretin. And you’re not only a [expletive] cretin, but you’re poor. Nobody who has beyond an 8th grade level of education is on MySpace. It is for backwards people.”

Do you agree with Michael’s assessment of MySpace?

SAI

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New York Times Needs $400M To Stay Alive

by Jason Wilk on November 9, 2008

http://endlessinnovation.typepad.com/endless_innovation/images/2007/10/19/new_york_times_building.jpg

  • The company must deliver $400M to lenders in May of 2009
  • NYT took out the credit line several years ago when the newspaper business was still thriving.
  • Of that money, the company has only $46 million of cash on hand, and its operations will consume this over the next 3 quarters.
  • Will NewsCorp come in and snatch them up or will the Times be the first major commercial news publication to go under during the crisis?

SAI

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Hottest CEO Wives In The Tech World

by Jason Wilk on September 24, 2008

  • Asylum Magazine published their annual hottest 15 CEO Wives. Here are the Tech CEO’s that made it on the list:
    • #2. Rupert Murdoch’s wife Wendi Deng (pictured)
    • #4 Larry Ellisson’s wife Melanie Craft
    • #8 Carl Icahn’s wife Gail Golden
    • #11 Larry Page’s wife Lucy Southworth.

A tiny exclusive.

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The Top 20 Richest People In Tech. Because Who Cares About WalMart…

by Jason Wilk on September 18, 2008

mark-zuckerberg

List of the top 20 richest people in tech. The number next to their name is where they stand in the Forbes 500 released today.

1. Bill Gates (Microsoft), $57 billion
3. Larry Ellison (Oracle), $27 billion
11. Michael Dell (Dell), $17.3 billion
12. Paul Allen (Microsoft), $16 billion
13. Sergey Brin (Google), $15.9 billion
14. Larry Page (Google), $15.8 billion
15. Steve Ballmer (Microsoft), $15 billion
33. Jeff Bezos (Amazon), $8.7 billion
47. Rupert Murdoch (News Corp.), $6.8 billion
54. Pierre Omidyar (eBay), $6.3 billion
59. Eric Schmidt (Google), $5.9 billion
61. Steve Jobs (Apple), $5.7 billion
84. Gordon Moore (Intel), $4.4 billion
84. John Sall (SAS Institute), $4.4 billion
91. David Sun (Kingston Technology), $4 billion
91. John Tu, (Kingston Technology), $4 billion
105. Richard Shulze (Best Buy), $3.5 billion
144. Ray Dolby (Dolby), $2.9 billion
161. Mark Cuban (Broadcast.com), $2.6 billion
246. Irwin Jacobs (Qualcomm), $1.9 billion

Honorable mention: 321. Mark Zuckerberg (Facebook), $1.5 billion

Made tiny from: TechCrunch.com original

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