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Politics
Denis Muller, Senior Research Fellow, Centre for Advancing Journalism, The University of Melbourne

News Corp's job cuts cast a shadow over the future of its newspapers

News News Corp Rupert Murdoch James Murdoch News Corporation Australia Dan Andrews Daniel Andrews Fox Corp Fox
Mary Altaffer/AP/AAP

News Corporation is cutting its staff by 5% globally, including in Australia, after its news media division recorded a second-quarter earnings decline of 47%. The decision inevitably reopens questions about the future of the company’s newspapers, particularly once Rupert Murdoch is gone.

The company’s chief executive officer, Robert Thomson, said a surge in interest rates and inflation caused the earnings decline, and that these effects were “more ephemeral than eternal”.

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