News Corp to Combine Divisions in Cost-cutting Sweep

By: theage.com.au

Rupert Murdoch’s News Ltd will slash its operations along Australia’s east coast in a move that is expected to lead to major job cuts.

The revamp, announced to staff this afternoon by News Ltd chief executive Kim Williams, will reduce the number of its business divisions in New South Wales, Queensland and Victoria from 19 to 5.

Mr Williams reaffirmed the company’s commitment to its newspapers, which include The Daily Telegraph, the Herald Sun and The Australian, but declined to state how many jobs will be lost.

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