For months now, Rupert Murdoch’s quest for Dow Jones has riveted the business world. But another juicy melodrama is unfolding at News Corp., one that may shed some light on how the $25 billion company sometimes does business.
Newspaper publisher McClatchy Co., owner of The News Tribune, reported a 9.5 percent decline in second-quarter profits Thursday as a sharp falloff in real estate advertising in California and Florida hurt results, but profits still came in ahead of expectations.
Blog: A recent study from Harvard University showed that the majority of teens and young adults on the Internet aren’t reading the news, and many of them aren’t going to find it on social networks.
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