May 07, 2009

Well he would say that wouldn't he?

Murdoch upbeat as papers' revenue dives - ABC News (Australian Broadcasting Corporation)
"It is increasingly clear that the worst is over," Mr Murdoch said.

"There are emerging signs in some of our businesses that the days of precipitous decline are done and that revenues are beginning to look healthier."

About midday News Corp shares were up more than 9 per cent on the Australian share market to $14.50.

1 comment:

Bukko_in_Australia said...

It's the new business paradigm -- bad news is good news! Your company is losing money, but it's not losing as much as you said it was? Woo-hoo! Stock price up. Half a million extra people in the U.S. now jobless, compared to 600K the month before? (And they're STILL unemployed this month.) V-I-C-T-O-R-Y! Bear market rally.

Down is up. Ignorance is strength. Winston realised he loved Big Rupert...

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