Earlier this morning, Rich Greenfield, the scary smart media analyst at Pali Capital, slashed his price target on News Corp to $20 from $27, citing big concerns over slowing advertising revenues for newspaper and television stations. And since this is a global problem, there is little room for News Corp to hide.
He is forecasting a 1.5 percent decline in revenues for News Corp.s newspaper business, a 9.5 percent decline in its TV revenues and a 7.8 percent decline in revenues at its filmed ente....
GigaOM
