News Limited boss to staff: Hold tight for management shakeup

News Limited boss Kim Williams has told staff to expect an announcement on a major organisational shakeup in about a fortnight’s time.

This morning he sent an all-staff email after reports – including from the company’s own The Australian – that the announcement would be as soon as today. The move is expected to include hundreds of job losses.

The memo:

Many will have read recent, inaccurate reports about an announcement by me being made today as to changes in the company. Those reports are misinformed and speculative, based on nothing other than rumour.

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