News Corp Set To Cut 55 Editorial Roles In The Coming Weeks

News Corp Set To Cut 55 Editorial Roles In The Coming Weeks
SHARE
THIS



It might not be such a merry Christmas at News Corp Australia, with new reports the media giant is set to lose around 55 editorial roles.

This morning, News Corp Australia met with the journalists union the MEAA to discuss a minor redundancy program, including publications The Australian, The Daily Telegraph and the Herald Sun. It is understood that staff and editorial managers were also briefed this morning.

The company’s chief financial officer, Bedi Singh, said during its first-quarter results briefing that News Corp was reviewing its Australian business.

“At News Corp Australia, advertising revenues for the quarter declined 30 per cent or 11 per cent in local currency, as the marketplace was weaker than the prior-year quarter. We again saw softness in several categories including retail, employment, finance and auto, with the real estate category showing modest year-over-year growth,” Mr Singh said at the results briefing.

“We’re actively examining the cost structure at News Australia and looking for additional operating efficiencies in the near term.”

In its first-quarter results, revenue from News Corp’s news and information services division fell 11 per cent to $US1.3 billion, while cable network revenue also declined, falling 11 per cent to $US124 million.

Please login with linkedin to comment

Emaling

Latest News

Tracey Spicer (Journalist & Presenter) at Radio Alive 2018 at Radio Alive 2018
  • Media

Tracey Spicer: Commercial Radio Home To “Some Of The Most Toxic Workplaces”

Media veteran Tracey Spicer has delivered a grim assessment of Australia’s commercial radio industry in how it deals with sexual harassment in the workplace. Speaking as part of a panel at the Radio Alive 2018 conference in Melbourne on Friday, Spicer said she has witnessed “tremendous change happen at the very top end of town” […]

by B&T Magazine

B&T Magazine
Kyle Sandilands and Jackie Henderson (Kyle & Jackie O) from KIIS at the 2015 ACRA Awards
  • Media

Kyle & Jackie O Crowned Best On-Air FM Team At 2018 Commercial Radio Awards

KIIS 1065 breakfast duo Kyle Sandilands and Jackie “O” Henderson have won the Best On-Air Team (Metro FM) category at the 30th Australian Commercial Radio Awards (ACRAs). Held on Saturday night at the Melbourne Exhibition and Convention Centre, and hosted by The Chaser’s Chris Taylor and Andrew Hansen, the ACRAs celebrated the best and brightest talent in […]

Digital Asset Management Solution Collaboro A Natural Fit With Open Data Initiative
  • Technology

Digital Asset Management Solution Collaboro A Natural Fit With Open Data Initiative

Digital asset management solution Collaboro claims its offering is a natural fit with Adobe’s, Microsoft’s and SAP’s new Open Data Initiative, as more organisations centralise their data on a single platform to improve their customer management and improve marketing performance.   According to Warwick Boulter (main photo), co-founder and CEO of Collaboro, a leading full-service solution for managing enterprise-level […]