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The Latest Breaking News from News Corp

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

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 Conversation

News Corp cuts driven by Murdoch’s mission to prop up news assets

Weeks after Fox merger scrapped, investors say market value languishing because of underperforming businesses in portfolio

The Guardian - UK

Afternoon Update: Australian feared dead in quake found alive; no comeback for Frydenberg; and how to meditate without meditating

One man missing in Turkey has been found safe while two remain unaccounted for after Sydney man Can Pahali was confirmed to have died

The Guardian - AU

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News Corp job cuts: Rupert Murdoch’s Australian newspapers to axe one in 20 staff

Announcement comes after Rupert Murdoch’s global company posted 47% decline in quarterly earnings in news media

The Guardian - AU

News Corp to slash hundreds of jobs as earnings crash

News Corp will cut 1250 jobs in response to a big slump in second-quarter earnings as interest rates and inflation bite.

AAP

Rupert Murdoch abandons News Corp.-Fox merger after investors push back

Rupert Murdoch has abandoned his bid to reunite the two halves of his media empire.

Los Angeles Times

Murdoch pulls plug on possible merger of News Corp., Fox

Rupert Murdoch has pulled the plug on a proposal to merge his News Corp. and Fox Corp. In statements Tuesday, the companies said their boards received letters from Murdoch withdrawing the plan

The Independent UK

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Afternoon Update: Inflation may have peaked at 7.8%; new PM in NZ; and South Australians eating endangered flake

Economists say the RBA will likely continue to hike rates in the short term despite inflation reaching peak

The Guardian - AU

Rupert scraps Fox-News merger

Rupert and Lachlan Murdoch have abandoned plans for a merger between News Corp and Fox.

inkl

Rupert Murdoch's Fox and News Corp. merger falls apart

Murdoch indicated that the combination was "not optimal at this time," according to a press release from News Corp.

Fortune

Wall Street Journal parent News Corp demands return to office

A day after laying off staff, News Corp. demanded workers return to the office. In-office attendance is “an absolute imperative,” the CEO said.

Fortune

The walls are closing in on corporate employees as major CEOs at Disney and Starbucks demand that workers start returning to the office

The latest missives from high-profile CEOs could point to a major new development in the return-to-office wars.

Fortune

The Murdoch family trust: how the scions could battle for control

The proposed Fox-News Corp merger could portend a realignment of the interests of Rupert Murdoch’s children

Financial Times

Australian Open boss Craig Tiley slams calls to move tournament date

Australian Open tournament director Craig Tiley dismisses suggestions the event should be moved to a date later in the year, but concedes the international tennis season is too long.

ABC News

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Investors Business Daily

Media Giant News Corp Stock Gets Relative Strength Rating Upgrade

A Relative Strength Rating upgrade for News Corp Cl A shows improving technical performance. Will it continue?

Al Jazeera

Media mogul Mike Bloomberg looks to buy WSJ or WaPo: Report

A merger would create a financial data and news giant, further firming up the world’s 12th-richest man’s stronghold.

Axios

Exclusive: Bloomberg eyes WSJ-parent Dow Jones, WaPo

The combination of Bloomberg and Dow Jones would create an unparalleled business news behemoth.

ABC News

News Corp-backed Betr fined after targeting self-excluded gambler ahead of Melbourne Cup

The Northern Territory Racing Commission fines Betr for breaching the NT's online gambling code of conduct by directly marketing to a self-excluded person with an offer to open a betting account.

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The National (Scotland)

Liz Truss rushed to meet Rupert Murdoch firm CEO within weeks of becoming PM

LIZ Truss’s first external meeting as prime minister was with the head of Rupert Murdoch’s publishing firm which owns The Times and The Sun, new…

The Guardian - AU

News Corp ends year on a low note as another senior figure investigated over alleged behaviour at staff drinks

The Murdoch stable has let indiscretions slide in the past but there is less tolerance now. Plus: Nine returns to AAP

Daily Mirror

Mitchell Starc shares regret over relationship with Shane Warne before legend’s death

Australian fast bowler Mitchell Starc shared his disappointment that he did not mend his relationship with Shane Warne before the legendary spin king's death

The Guardian - US

Emma Tucker to become first female editor-in-chief of the Wall Street Journal

British editor of the UK Sunday Times, which is also owned by Rupert Murdoch’s News Corp, will take the position in early 2023

The Independent UK

Sunday Times editor Emma Tucker announced as new editor in chief of The Wall Street Journal

‘As a long-time admirer and reader of the brilliant journalism of The Wall Street Journal, it is my honor to edit this great newspaper’

The Guardian - AU

Lachlan Murdoch’s whirlwind week: from US court testimony to Sydney Christmas party as elites rub shoulders

Global head of News Corp among Murdoch’s guests. Plus: Toni Collette reveals split with husband after Daily Mail photos

WEKU

Dominion to depose Fox boss Lachlan Murdoch as defamation suit heats up

Lachlan Murdoch, head of Fox News' parent company, is scheduled to be deposed Monday in Dominion's $1.6 billion lawsuit against the company.

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