2 articles

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/digital-media/12137374/Yahoo-admits-it-could-sell-off-its-core-internet-business.html

Yahoo admits it could sell off its core internet business

Yahoo has opened the door to a sale of its core internet business, as part of a raft of measures aimed at reversing the company’s long-running slump. they want to cut some money out see if they can get more out of it.

• The US search firm, which also revealed that it suffered a $4.4bn loss last year, said it would explore “strategic alternatives” for the internet unit alongside its preferred plan of a spin-off.
• In a bid to placate angry investors, who have seen the shares slump more than 44pc from a high of $52.37 in November 2014, Yahoo revealed plans to axe 15pc of its workforce. It aims to have 9,000 employees by the end of the year.
• “Today, we’re announcing a strategic plan that we strongly believe will enable us to accelerate Yahoo’s transformation,” said Marissa Mayer, chief executive.
• As its core business has struggled, Yahoo has been looking at ways to maximise the performance of its $24bn stake in Chinese internet retailer Alibaba. A spin-off plan developed over most of 2015 was axed in December, prompting Yahoo to look at hiving off its main business instead.

This is good as its something that they needed to do. Having this helps them as they need to do certain things.

http://www.theguardian.com/media/2016/feb/05/news-corp-announces-cost-cutting-at-australian-and-british-newspaper

News Corp announces cost-cutting at Australian and British newspapers

News corp had decided to cut down the costs. This is to help their revenue and profit in a way as they need to make sure that they dont go bust in the company. They have to make sure that they keep costs low.

• Revenue from news in the three months to 31 December fell 8.1% to US$1.4bn (A$1.95bn), compared with US$1.52bn in the corresponding period last year.
• Total revenue declined 4.3% to US$2.16bn, although the company said that would have been a 2% increase had it not been for fluctuating exchange rates.
• News declined as a proportion of revenue from 67.4% to 64.8%.

• “For our Australian mastheads, it was clearly a difficult quarter in advertising and to that extent we’ve clearly embarked on a cost-cutting program,” Thomson told investors.
• Earnings before interest, tax, depreciation and amortisation at the newspaper division, which also includes the Times and the Sun in the UK and the New York Post in the US, slipped 27% to US$158m.