Seven in slump over drop in advertising
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A SLUMPING advertising share saw a surly Kerry Stokes yesterday issue a major earnings downgrade for the Seven Network. Mr Stokes said advertisers had deserted his struggling television station during November.
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Sales of new homes dropped to the slowest pace in over seven years, foreshadowing further economic trouble ahead.
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The number of students accepted by UK universities is down by 3.7% compared with this time last year.
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The pace of new home sales fell to a seven-year low in August, according to a government report Thursday that showed the battered housing and home building markets even worse than forecasts.
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Ad lineage is way down and readership continues to fall off and nobody in the newspaper business will be sorry to see the end of 2007. 2008 could be better, if the online side flourishes and a presidential election drums up additional interest.
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U.S. newspaper publishers expected advertising to rebound this year after a slump of more than two years. They're still waiting.
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Album sales in the UK suffered a drop of nearly 11% in 2007, according to new industry figures.
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Sales were lower than expected, and the quality of earnings is in question.
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U.S.-based online advertising firm Burst Media  said on Wednesday results for 2007 are likely to come in below market forecasts because of higher-than-expected ad campaign cancellations.
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SHARES in TV station the Seven Network Ltd dived more than 8 per cent this morning after it downgraded its earnings forecasts for the half and full year because of disappointing ratings.
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WASHINGTON -- Demand for big-ticket manufactured goods plunged in August by the largest amount in seven months, with widespread weakness signaling a slowdown in the nation's industrial sector.
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Demand for big-ticket manufactured goods plunged in August by the largest amount in seven months, with widespread weakness signaling a slowdown in the nation's industrial sector.
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U.S.-based online advertising firm Burst  Media  said on Wednesday results for 2007 are likely to  come in below market forecasts because of higher-than-expected  ad campaign cancellations.
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New orders for long-lasting U.S.-made manufactured goods took their sharpest tumble in seven months during August, the Commerce Department reported on Wednesday as demand weakened across nearly every category of durable good.
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Government orders Rupert Murdoch's network to sell down from 17.9% to 7.5%
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The number of laid-off workers filing claims for unemployment benefits dropped by 9,000 to the lowest level in seven weeks.
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U.S. newspaper publishers expected  advertising to rebound this year after a slump of more than two  years. They're still waiting.