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"The result was generally weaker newspapers".
Analysts expect those businesses to drive profits and support some of the weaker newspapers.
The company's split will probably shake up some of Murdoch's weaker newspapers, Mutter said.
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Concerned about the decline of media voices, the newspaper industry persuaded Congress in 1970 to grant a generalized exception to antitrust law and permit joint operating ventures involving financially weak newspapers.
The supposedly "toxic" – and commercially weak – newspapers were consigned to a publishing entity, while the much more profitable entertainment division was allowed to go its own lucrative way, becoming 21st Century Fox.
At the very least, the weakest newspapers and magazines with the lowest readership and share of attention will find that they are better off remaining free and selling Web ads than taking crumbs from the new electronic subscrtiption pie.
WASHINGTON (AP) — Gannett, the country's largest newspaper publisher, said on Friday that its fourth-quarter profit dropped 31percentt because of a decline in broadcasting revenue and weak newspaper ad sales.
With the nation's financial system in the grips of a credit crunch, Gannett and the rest of the already-weak newspaper industry are in a tough spot.
And France has a weak national newspaper culture anyway.
He says that better-than-expected results from radio and broadcast television are being tempered by weaker results from newspapers, magazines and Internet firms.
The weak state of newspapers has made some lenders more loath than usual to force bankruptcy, fearing that it could worsen their chance of significant recovery, or at least delay it.
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CEO of Professional Science Editing for Scientists @ prosciediting.com