Murdoch says "the worst is over"

Posted on 8/05/2009  
News Corporation chairman and chief executive Rupert Murdoch says "the worst is over". After a decline in third-quarter advertising demand amid the global economic downturn, Murdoch says: "It is increasingly clear that the worst is over. There are emerging signs in some of our businesses that the days of precipitous decline are done and that revenues are beginning to look healthier." News Corporation's net profit for the third quarter was $US2.7 billion.

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