When Zuckerberg and his wife pledged last year to give away the majority of their Facebook shares to a new foundation they had formed, questions arose about how that might happen without him losing his grip on the company.
Rising mobile viewership is paving way for online TV subscription.
Their move follows an activist campaign by hedge fund Starboard Value LP, which is pushing Yahoo to consider a deal with AOL and unlock Yahoo's valuable stakes in Asian Web companies.
Google Inc is expected to command more than a third of the world's $140 billion digital advertising spending this year
The company announced the deal earlier on Monday, a move that would end the Graham family's 80-year ownership of one of the US' most influential publications.
The New York Times Co has agreed to sell The Boston Globe to the principal owner of the Boston Red Sox baseball team, John W. Henry, for $70 million in cash, ending its 20-year ownership of the paper.
The cuts will occur across the company, throughout both business division and newsrooms.
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