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Chairman Murdoch says news sites will charge for contentBy David B. Wilkerson, MarketWatchAug. 07, 2009 |
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 CHICAGO (MarketWatch) -- News Corp. said Wednesday it swung to a quarterly loss on $680 million in impairment, restructuring and other charges, most of them in their Fox Interactive Media unit, as the struggling worldwide economy held a firm grip on the media conglomerate. Chairman Rupert Murdoch said that while economic downturn may have bottomed, "there are no clear signs of a fast recovery." Murdoch, speaking to analysts and reporters during a conference call, said that advertising markets are showing "good signs of life" despite ongoing weakness in the automotive and financial categories. Continued... 
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