News Corp Australia Offers Buyouts and Announces $40M Cost-Cutting

News Corp Australia is making 42 journalists, artists and photographers redundant in the latest round of cost-cutting in a bid to slash $40m from Rupert Murdoch’s Australian newspapers.

Journalists at the Australian, the Daily Telegraph, the Herald Sun and the Courier Mail have been offered the chance to take a voluntary redundancy after a fall in revenue from print advertising took its toll.

Forced redundancies will follow if the company does not fill its quota.

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