Rupert Murdoch Says News Corp. Is Seeing Uptick in Ad Market

Sep 16, 2009  •  Post A Comment

News Corp. chairman-CEO Rupert Murdoch said at the Goldman Sachs Communacopia Conference that the company has seen improvements in advertising in recent weeks, says The Hollywood Reporter.

"It’s a pretty healthy picture at the moment,” Murdoch said, noting the Fox network’s entertainment division inventory is “sold out solid" through the end of the year, with ad rates down less than 1% year-to-year. The company’s TV stations, he said, are looking at September numbers that are off 8%, better than the 20% year-to-year drops they had been seeing.

–Elizabeth Jensen

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