News Limited to restructure around just five divisions

News Limited is to reorganise itself from 19 divisions to just five in a restructuring which will cost hundreds of jobs, The Australian reports.

The company’s digital division News Digital Media will be folded into the new divisions.

According to The Australian, published by News Limited, the five divisions will be News NSW, News Qld, News Victoria, The Australian plus magazine and lifestyle arm NewsLifeMedia.

The company appears to be taking a less pessimistic approach to printed newspapers than Fairfax Media, which is to shut two print works. The Australian quotes CEO Kim Williams as saying: “We believe in print and are committed to print. We still sell around 11 million newspapers a week. Advertisers still find huge value in print.”

Because News Limited is not listed on the ASX it is not obliged to offer the same levels of transparency as Fairfax when it comes to job cuts. Williams has declined to say how many jobs will go.


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