On top of that, New York Times Digital, which produces the Times internet pages, said it was laying off 69 employees. About a third of the cuts are coming from CNN's online staff. Also in January, News Corp's News Digital Media was shut, axing 200 out of 450 jobs, while NBCi, the internet arm of General Electric's NBC unit, said it would lay off another 150 people following a similarly sized reduction in August. What the future holds for the myriad remaining news sites has yet to be seen. But the day's of unbridled enthusiasm for cyber journalism has seen its day and may never be repeated again.
China offers Murdoch TV deal Links to more Business stories are at the foot of the page.