Murdoch: "Stressed" economy pushing down ad market

05/7/2008 | International Herald Tribune

Although News Corp's Fox Interactive Media will miss its $1 billion fiscal year sales goal by 10%, the unit is still "very healthy," despite a slowing economy, according to News Corp Chairman-CEO Rupert Murdoch. "There's no doubt the consumer economy is stressed," Murdoch said. "You're seeing it affected in advertising, more short-term planning and booking."

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