News Corp slashes jobs in printing arm move
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NEWS International, the UK newspaper unit of News Corp, is to cut its 1000-person production staff by two-thirds and move its London printing facilities from Wapping to Enfield, in north London.
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Rupert Murdoch won shareholder approval on Tuesday to move the corporate headquarters of his &#36;48 billion News Corp. Ltd. media empire to the United States and sever its Australian roots.
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The Wall Street Journal is moving to a smaller width and making other design changes in an effort to save money, draw in new readers, and make the paper available in more places.
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Belo Corporation Wednesday announced that it will cut 250 jobs by Nov. 1, most of them at the companyâs flagship newspaper, The Dallas Morning News.
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Like many newspapers, the Times-Union is planning to reduce its stock listings. In an age of immediate stock quotes on the Internet and business news channels on cable TV,  the newspaper listings have become less critical.
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Global media giant News Corp announced that it will spend 600 million pounds (1.03 billion dollars) over the next five years on new printing plants for its newspapers in Britain.
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The company said it would eliminate 275 jobs and slash direct mortgage lending to preserve cash after it was forced to cancel a $101.2 million rights offering.
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Eastman Kodak said it would axe 870 job cuts across Britain and France as part of a global cull blamed on the increasing popularity of digital photography.
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NEW YORK -- Eastman Kodak Co. said Thursday it is cutting as many as 3,000 more jobs as it completes a historic, four-year transformation this fall into a digital-imaging company focused on consumer photography and commercial printing.
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The New York Times Co. NYT.N said on   Thursday it forecast lower third-quarter earnings than during   the same quarter last year because of a "challenging" print   advertising market, sending shares down nearly 5 percent in   after-hours trading.
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(InfoWorld) - As part of a four-year turnaround plan, Eastman KodakÂ expects to cut 5,000 to 7,000 jobs by the end of 2007 in an effort to reduce its administrative overhead and boost profits from digital photography instead of standard film, the company told investors Thursday. Kodak leaders had already cut 1,200 jobs during the fourth quarter of 2006, bringing the total jobs lost to 23,400 since the company first announced its restructuring plan in January 2004. By the end of this year, that total could reach 30,000, nearly half of the company's size in 2003. The company has already cut excess jobs from its manufacturing division, and will trim the remaining jobs from its selling, general and administrative unit, Kodak Chief Financial Officer Frank Sklarsky said in a release. The move will reduce administrative overhead from Kodak's current level of 18 percent of revenue to just 14 percent to 15 percent. The company has also slashed costs by announcing Jan. 10 it would sell its 8,100-person medical imaging and health-care IT division to the Canadian firm OnexÂ for $2.55 billion. That deal is expected to close in the first half of 2007. On the revenue side of its books, Kodak hopes to boost income through new products like its consumer inkjet printers, image sensors and picture kiosks, said CEO Antonio Perez. The company will also draw $250 million in revenue by licensing its intellectual-property patents this year, he said. KodakÂ introduced a line of inkjet printersÂ this week to compete with Hewlett-Packard and Xerox. Kodak will target consumers and home-office users by selling replacement ink cartridges at about half the price of its competitors -- just $9.99 for black ink and $14.99 for five-color ink. Likewise, Kodak will sell a range of printers priced below $200. Also on Thursday, Kodak announced it would partner with MozillaÂ to improve Kodak's online photo gallery by allowing users to access it from Mozilla's Firefox Web browser. The companies hope to generate more income from the 83 million U.S. users who are predicted to upload, share and print their photographs by 2010. Users can now download the new tool. Â
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Eastman  Kodak Co. announced on  Tuesday that it would restructure several plants based in  Britain and France, resulting in the loss of hundreds of jobs  by 2005.
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Oracle will eliminate about 5,000 jobs following its $10.3 billion acquisition of PeopleSoft, the company said Friday.
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By Crayton Harrison, The Dallas Morning News  Sep. 16--Affiliated Computer Services Inc. is cutting an unspecified number of jobs in its technology outsourcing business.
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Shares of international media giant News Corp. (Nasdaq: NWSWI) fell nearly 4% yesterday following the company&#39;s announcement that it adopted a &quot;shareholder rights plan
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The New York Times said on Thursday it will eliminate 100 newsroom jobs as the newspaper girds for a weaker economy and an overall decline in print advertising and circulation revenues.
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Printer maker Lexmark International Inc  on Tuesday said third-quarter profit fell sharply, and it would take restructuring steps that will affect about 1,650 jobs.