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(Adds details from earnings release and call with investors.)
By Chavi Mehta, Helen Coster and Dawn Chmielewski
Feb 9 (Reuters) - News Corp said on Thursday that it would cut 5% of its workforce, or 1,250 jobs, after the media conglomerate fell short of quarterly Wall Street estimates, hurt by declines across its businesses including news.
The company also said it incurred $6 million in one-time costs associated with its merger with Fox Corp, plans for which News Corp Executive Chairman and F...
>>> Read more: UPDATE 3-News Corp plans job cuts, misses estimates for earnings
By Chavi Mehta, Helen Coster and Dawn Chmielewski
Feb 9 (Reuters) - News Corp said on Thursday that it would cut 5% of its workforce, or 1,250 jobs, after the media conglomerate fell short of quarterly Wall Street estimates, hurt by declines across its businesses including news.
The company also said it incurred $6 million in one-time costs associated with its merger with Fox Corp, plans for which News Corp Executive Chairman and F...
>>> Read more: UPDATE 3-News Corp plans job cuts, misses estimates for earnings
