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Offset a weak advertising market
- News Corp Australia is planning its biggest restructure in more than a decade as it looks for $15 million in savings to offset a weak advertising market. The publishing giant expects no new revenue from Meta, and flat – or lower – revenue from an impending deal with Google.
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Apr 15, 2024 · News Corp has tapped PwC Australia to help with its biggest restructure of the last decade as it seeks to deal with Meta ripping tens of millions of dollars out of the Australian news market.
- News Corp plots major shake-up as Meta money ends, Google ...
News Corp Australia is planning its biggest restructure in...
- News Corp plots major shake-up as Meta money ends, Google ...
May 26, 2024 · The shake-up, revealed by The Australian Financial Review last month, will involve News Corp Australia shifting three divisions with separate balance sheets. News Corp is restructuring...
Apr 14, 2024 · News Corp Australia is planning its biggest restructure in more than a decade as it looks for $15 million in savings to offset a weak advertising market. The publishing giant expects no new...
May 29, 2024 · News Corp has begun a round of mass-layoffs across its Australian publishing empire as the business looks to embark on a restructure that would see its assets split into three nationally centralised divisions - doing away with the formerly state-based structure.
Apr 16, 2024 · The media union has sought assurances from News Corp Australia that newsroom jobs will not be axed as the company weighs a sweeping restructure in response to a tough advertising market and Meta’s decision to walk away from deals with news publishers.
Jun 25, 2024 · News Corp has announced a major restructuring plan for its Australian operations, which could result in the loss of up to 100 staff as the multinational publisher aims to save $65 million (US$43 million) in operating costs.
Jul 25, 2021 · News Corp sources familiar with the restructuring plans, who spoke on the condition of anonymity, estimated between 30 to 50 commercial roles were cut in recent weeks as the changes were implemented.
