Staff Reporters
May 28, 2020

Print edition cuts and job losses hit News Corp in Australia

It's yet another dark day for news publishing in Australia, as News Corp ends print publishing for more than 100 titles and cuts hundreds of jobs.

Print edition cuts and job losses hit News Corp in Australia

In a "portfolio change" that could put hundreds of people out of work, News Corp has announced that it will cease operations for many community titles in Australia and move more than 100 others to digital-only publication.

Media reports indicate that the moves could result in the elimination of a third of the company's jobs, or between 500 and 1000 positions.  

The company's statement on the matter did not specify the number of jobs to be impacted, choosing to focus on positives such as recent growth in audience figures and digital subscriptions. It also pinned blame for the changes on the COVID-19 pandemic.

“COVID-19 has impacted the sustainability of community and regional publishing," Michael Miller, executive chairman of News Corp Australasia, said in the statement. "Despite the audiences of News Corp’s digital mastheads growing more than 60% as Australians turned to trusted media sources during the peak of the recent COVID-19 lockdowns, print advertising spending, which contributes the majority of our revenues, has accelerated its decline."

The moves, effective June 29, reshape the company to focus on where consumers and businesses are moving, Miller added, by employing more digital-only journalists and making investments in digital advertising and marketing solutions. 

News Corp's move away from print follows a series of painful stories from across the publishing business. Just yesterday, HT Media, the publisher of Hindustan Times, Mint and Hindustan, reportedly laid off more than 100 staff. In addition the industry has seen the closure or possibly sale of the Australian Associated Press (partly owned by News Corp), cuts by Buzzfeed and Quartz impacting Australia and Hong Kong, and the shutdown of major Malaysian magazine publisher Blu Inc, which eliminated 200 jobs. In addition, more than 150 Australian newsrooms may have closed, Nine Entertainment sold its New Zealand publishing company Stuff for $1, and Ten closed its 10 Daily operation, eliminating 20 journalist jobs. 

Source:
Campaign Asia

Related Articles

Just Published

1 day ago

A spotlight night for Publicis Groupe, with Ogilvy ...

There was intense competition between Publicis' Leo Burnett and Ogilvy at the 2023 Southeast Asia AOY awards last night, with the former ultimately taking home the bulk of the metal haul.

1 day ago

'Special' night prevails over Motion Sickness at ...

Special Group steals the show with five Golds between both markets, while Kiwi challenger Motion Sickness racks up an impressive six awards, and Initiative leads the media pack.

1 day ago

Ogilvy and Mindshare split top APAC network awards ...

With four out of four Network metals in the bag last night, WPP took home all the coveted honours at this year's awards ceremony, hosted live from the glitzy Ritz-Carlton in Singapore.

1 day ago

Prime Video nabs first big agency partner as it ...

IPG Mediabrands will be the first media holding company to join forces with Amazon Advertising to access Prime Video ads.