News Corp 4Q loss hits $203M on MySpace writedownLOS ANGELES — News Corp said Wednesday it lost $203 million in the latest quarter due to a huge writedown at MySpace, but Rupert Murdoch said his global media conglomerate is seeing signs of life in moribund advertising markets.

Cisco earnings fall 46 pct but beat expectationsNEW YORK — Cisco Systems Inc. said earnings fell 46 percent in its latest quarter, but the profit beat Wall Street expectations and the company said the quarter may have been the bottom of the recession-related downturn.

Video-compress tech could help lower YouTube costsMOUNTAIN VIEW, Calif. — Google Inc. said Wednesday it is buying On2 Technologies Inc., a provider of digital video compression technology, giving the Internet search leader a way to cut costs for its popular video-sharing site YouTube.

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Google sells underperforming radio ad businessSAN FRANCISCO — Google Inc. has found a buyer for a radio advertising business it has abandoned as part of efforts to cut costs and jettison underperforming operations.