From The Guardian:
Murdoch seeks $100m Dow Jones cuts
Chris Tryhorn and agencies
Tuesday September 18, 2007
"Rupert Murdoch is looking to make $100m (£50m) in savings at the Wall Street Journal's parent company, Dow Jones.
The chairman and chief executive of News Corporation told an investor conference today he intended to expand Dow Jones's revenue following the $5.6bn (£2.8bn) acquisition of the company, which was agreed in early August.
"We've already identified the low hanging fruit will be $100m in savings," Mr Murdoch told the conference in New York, in comments reported by Reuters. "But we're about expanding revenue." Mr Murdoch added that News Corp saw "nothing in sight" in terms of buying further assets."
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