News Corp Promises "Relentless" Cuts at Newspapers

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By: Reuters

May 28 (Reuters) - Robert Thomson, chief executive of the new News Corp, said there will be "relentless" cost cuts in store for the newspaper business as it prepares to separate from Rupert Murdoch's entertainment empire.

The cornerstone of the company will be its balance sheet - more than $2 billion in cash - to buffer the company and appease investors in the long term.































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