News Corp is slashing 50 roles across its metro mastheads, despite reporting “record-breaking” numbers in membership, subscriptions and digital audiences.
According to the Media, Entertainment and Arts Alliance, News Corp Australia is making 50 editorial roles redundant across its metro mastheads, with most to come from The Herald Sun and The Weekly Times.
The cuts come as News reported positive growth across its publications, reaching 500,000 digital subscribers in Australia last month.
“From New York to Sydney and London, News Corp mastheads continue to break paid audience records as millions more readers seek trusted news and analysis, in print and digital,” Robert Thomson, chief executive at News Corp, said at the time.
“The growth means more revenue and profits for our company and investors, and supports the high quality journalism that enhances the public interest each and every day.”
A News Corp Australia spokesperson says the cuts comes as the media organisation continus to adjust to the digital age.
“We are reshaping our business across all areas to improve and strengthen how we operate to meet the changing demands of our consumers and customers,” the spokesperson says.
“Like any company, we need to evolve our business to be the best we can be, to ensure we have the right skills, the right practices and the right model for the future.
“Some roles across the company and in our newsrooms will be impacted by these changes and unfortunately, there will be a number of redundancies."
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