News Corp to axe 300 jobs in ARM acquisition, suggests report

Miranda Ward

September 12, 2016 9:01

The News Corp acquisition of APN News & Media’s Australian Regional Media (ARM) will see 300 jobs cut as News Corp looks to secure “back office synergies”, according to a report in The Australian.

According to the report, the cuts are expected to be implemented over an initial phase and a subsequent round of cost cuts once News Corp has had more time to assess the ARM operations across regional Queensland and northern NSW.

However, News Corp Australasia executive chairman, Michael Miller, is a known entity to those working at APN, because up until August last year he ran the business, and potentially may already have an idea where costs could be saved.

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Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

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2 COMMENTS

Trevor 12 Sep 16

“The Australian asserts there are no plans to shut ARM titles, provided they remain profitable…”
Let’s see what happens once regional publications are landed with a proportion of News Corp HQ overheads for stuff like HR, IT etc.
Biggest difference between black ink and red ink on a country newspaper’s P&L once a big corporation takes ownership.

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Adam smith 13 Sep 16

No wonder arn was down thirty points with news undercutting advertising rates. just playing monopoly with peoples lives

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