News Corp to cut 50 jobs from across the business
News Corp will be cutting over 50 jobs from across its business, reportedly with a focus on the Herald Sun and Victoria.
The report comes as executive chairman Michael Miller told The Australian staff would need to ‘prepare’ for further cuts, – particularly those who had been with the business a long time – as ‘new skills’ would be needed as the publisher focuses on digital.
Rupert is being swallowed on all front by the digital Godzilla.
You would hope the cuts being VIC-centric are nothing to do with that state’s more left-leaning mast head.
I fear the click-bait Sydney “journos” (read – Miranda Devine, Chris Kenny) are becoming the new business model.
Shaping up for a Seven West Media buyout.
Sounds very similar to what Fairfax strategically executed before Nine bough the company.
SWM Market Cap $792M
NWS Market Cap $9.66B (USD 6.742B)
Considering News’ other investments (REA, hipages, foxtel, Sky News, Society One, AAP, Harper Collins etc just locally; not even counting the Murdochs’ international holdings – specifically Disney etc) Dow Jones alone is worth more than SWM.
The Murdochs have much deeper pockets than Kerry.
Any experienced agriculture sector advertising sales people who get retrenched from the Weekly Times are welcome to contact Beef Central and Sheep Central, to discuss some sales openings we will have towards the end of the year.
The cleaners will be next
Last one out turn the light off
The Herald Sun is an AFL comic
The Guardian is making a profit and hiring journo’s ANNNND: doesn’t do clickbait.
Digital subscription numbers don’t tell lies. They can sack these journalists because they know their readership. I think the “lack skills” line is a fiction: they keep editorial writers who wouldn’t know a USB port if they stuck their tiny head in it.
The south lost. The centre and north branches have won.
Good on Michael. Well overdue