The company's stock dived 12% today, closing at $10.44 a share, down $1.43, after Fox News owner News Corp. cut its 2009 profit forecast because of shrinking ad sales at its Fox stations and newspapers. The News development dragged down most newspaper publishers' shares on a day when stocks markets overall cratered.
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Good thing gold will rain down from heaven any moment now, because in the two days since the election DJIA is down 920 points.
ReplyDeleteIt's not just NewsCorp, it's the whole market.
We're all getting that change we wanted so badly.
5:15 PM - :) That's ok, at least my mortgage will get paid!
ReplyDelete