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News Corp’s Rebekah Brooks joins Lachlan Murdoch in Sydney ahead of major Australian newspaper restructure

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Staff brace for significant cuts as media giant prepares to make moves to counter decline of print and slow advertising market

Rebekah Brooks, one of the Murdochs’ most trusted lieutenants, is among the top News Corp executives in Sydney ahead of a major announcement.Rebekah Brooks, one of the Murdochs’ most trusted lieutenants, is among the top News Corp executives in Sydney ahead of a major announcement.Lachlan Murdoch has been joined in Sydney by the News Corp UK boss, Rebekah Brooks, and global chief, Robert Thomson, ahead of the announcement of a major restructure of the Australian newspapers next week.

Staff are bracing for significant cuts as the media giant moves to slash tens of millions of dollars in costs to counter the decline of print and a slow advertising market. Sources said consulting firm PwC was hired by News Corp earlier this year to help make changes to the management structure and to streamline operations.

The newspapers already share some reporting from a centralised news wire which supplies all the mastheads with the same copy.Our Australian morning briefing breaks down the key stories of the day, telling you what’s happening and why it mattersWith so many executives in town, staff at Holt Street were told to keep their desks tidy, sources said.after a plunge in profits of almost a third.

Source: News Formal (newsformal.com)

 

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