Rupert Murdoch's News Corp is suffering from a 'recession'

"News Corp’s revenue has fallen for the fourth successive quarter, illustrating both its own problems and those besetting newspaper industries in advanced economies. That has the hallmarks of a recession, does it not?
Now it would appear that cuts are inevitable at the company’s major titles in Britain and Australia following worse-than-expected second quarter results.
Chief executive Robert Thomson hinted at the need to consider cutbacks in saying: “Cost cutting has a short-term cost and a long-term benefit.”
That sounds ominous for staffs at the Times, Sunday Times and the Sun as well major titles in Australia and, quite possibly, in New York too.
Ever since Rupert Murdoch agreed to split the old News Corporation into two, placing the lucrative entertainments division into a separate entity, 21st Century Fox, the publishing group, new News Corp, has found things tough."

This article shows how News Corp may be suffering from a  recession, this shows how new and digital media may have effected news corp as theyre were times where they introduced a pay wall and also got rid of it, illustrating the struggles that news companies face when trying to generate profits from the news they create.