Media and marketing
Redundancies are looming at the ABC in Adelaide and a new round of job cuts is underway at News Corp’s local operations.
Opinion
News Corp’s decision to take the axe to regional and community newspapers shows just how vulnerable Australian journalism has become to Rupert Murdoch’s New York-based empire, argue Peter Fray and Eric Beecher.
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News Corp has officially killed off its free Messenger community newspapers in South Australia, which will now only be available online behind a paid subscriber paywall as part of a national digital push that will axe more than 100 print titles and an undisclosed number of jobs across the nation.
News Corp’s attempt to sell its regional and community titles – which include the Messenger newspapers in Adelaide – has failed, with the media giant now looking at “alternative structures” for its Australian newspaper group.
News Corp is in negotiations to sell its portfolio of regional and community newspapers, which includes the Messenger titles in Adelaide.
News Corp has posted a massive $US1 billion ($A1.5 billion) loss in the March quarter after taking a $US1.1 billion ($A1.7 billion) impairment charge against its Foxtel and News America Marketing assets.
Telstra will take a $300 million impairment charge on its 35 per cent stake in Foxtel after the majority owner of the pay TV network, News Corp, wrote down its value.
